An essential characteristic of credit unions is that
A) they are typically large.
B) branching across state lines is prohibited.
C) their lending is primarily for mortgage loans.
D) they are organized for individuals with a common bond.
D
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The most direct way in which money replaces barter is through its use as a
A) medium of exchange. B) recording device. C) store of value. D) unit of account.
When the government makes a firm the exclusive legal provider of a good or service, it grants the firm
A) a network externality. B) a copyright. C) a quota. D) a public franchise.
An increase in public saving has what impact on the market for loanable funds?
A) The demand for loanable funds decreases. B) The supply of loanable funds decreases. C) The supply of loanable funds increases. D) The demand for loanable funds increases.
We can express the per-worker production function as a function of only per-worker capital thanks to
A) the decreasing marginal return of capital. B) the decreasing marginal return of labor. C) the constant returns to scale. D) the impatience of households.