Banks act as an intermediary between savers and borrowers by determining the:
A. price at which the quantity of funds saved will be equal to the quantity invested.
B. quantity of funds that will be saved depending on the price.
C. quantity of funds that will be borrowed, for any given quantity of savings.
D. price at which the quantity of funds saved will be more than enough for those who want to borrow.
A. price at which the quantity of funds saved will be equal to the quantity invested.
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Using the figure above, suppose with no trade Liz and Joe each produce at point A on their respective PPFs. Then, Joe suggests that they specialize and trade. He would produces only salads and Liz would produce only smoothies
Then, Joe says, he would buy 16 smoothies from Liz at a price of 1.5 salads per smoothie. Liz should A) accept Joe's offer since she will gain 4 smoothies and 4 salads. B) accept Joe's offer as she will be as well off as with no trade. C) not accept Joe's offer as the price he offers is too low for her to gain from trade. D) not accept Joe's offer since she would lose 2 smoothies and 2 salads. E) accept Joe's offer since she will gain 4 salads.
When the government tries to control pollution through cap and trade, it _____
a. issues permits that enables the owners of the permit to pollute b. allows polluting firms to produce public goods that reduce pollution c. levies tax on the polluting firm d. gives subsidies to the firms who adopt clean production technologies e. takes legal actions against the firms who pollute beyond the specified level
In 2009-2010 the federal government
What will be an ideal response?
In 2017, the U.S. median income for a family of four was about $61,000.
Answer the following statement true (T) or false (F)