Which of the following would best be classified as a complement for new houses/homes?
A. Lumber or steel
B. Construction equipment
C. Mortgage loans
D. Rental apartments
Answer: C
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Ford Motor Corporation is considering purchasing new technology that will increase productivity by twenty percent. If Ford Motor Corporation decides to make this investment at the going real interest rate, then
A) Ford's profits will decline. B) the demand for loanable funds increases. C) the supply of loanable funds increases. D) the quantity of loanable funds demanded increases. E) saving increases.
All of the following are shown on a firm's income statement except
A) revenues B) rate of return for investors C) costs D) profits
Refer to above Table 2-1. What is the level of Personal Saving?
A) 100 B) 90 C) 80 D) 130
Once a cartel is formed, the market is in effect served by
a. a monopoly. b. an oligopoly. c. imperfect competition. d. monopolistic competition.