Channeling funds to individuals with productive investment opportunities is the function of ________
A) the financial sector
B) state and local governments
C) the central bank
D) state, local and federal governments
A
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Use the following table showing maximum-output alternatives for Brazil and Poland to answer the next question.CountryWineMachinesBrazil3010Poland1010If the two nations open up trade with each other, then
A. Brazil will not gain from specializing and trading, but Poland will gain. B. Brazil will specialize in producing machines and import wine. C. Poland will specialize in producing machines and import wine. D. Poland will export wine.
If quantity demanded increases at all possible prices, demand has
A) increased. B) decreased C) remained the same; only quantity demanded has changed. D) remained the same; however, the curve has become more stee
Vertical integration
A) is always driven by profitability concerns. B) results in lower transaction costs. C) may be undertaken to avoid government regulations. D) hampers timely delivery of inputs into the production process.
Suppose the market demand curve for tacos can be expressed as QD = 120 - 3P - Pb, where QD is the quantity of tacos demanded, P is the price of a taco, and Pb is the price of a burrito. What is the relationship between burritos and tacos, from the point of view of consumers?
A) They are independent. B) They are complements. C) They are substitutes. D) Not enough information to answer the question.