Market systems can be evaluated as efficient or inefficient, but not as fair or unfair.
Answer the following statement true (T) or false (F)
True
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Of the following, which determines the price a price searcher will be able to charge?
A) The costs of capital B) The costs of labor C) Advertising costs D) Demand E) A, B, and C above.
As illustrated in the textbook, the government can further increase the support price of a commodity by purchasing excess supplies and using a:
A) production quota. B) consumption tax. C) excess profits tax. D) minimum wage.
If C = $7,000 . + 0.75(Y) and intended investment is $2,000 . then the equilibrium level of national income will be
a. $1,500 b. $5,142 c. $36,000 d. $9,500 e. $9,000
The financial system is made up of the:
A. government's offices that regulate over all transactions conducted between borrowers and savers. B. government and monetary authority. C. government's offices that keep watch over all transactions conducted between savers and lenders. D. institutions that bring together savers, borrowers, investors, and insurers in a set of interconnected markets where people trade financial products.