Which of the following represents the amount of income that is actually available to people for consumption and saving?
a. Net national product
b. National income
c. Disposable personal income
d. Gross national product
e. Personal income
c
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Another way to state the efficient markets hypothesis is: in an efficient market
A) unexploited profit opportunities will be quickly eliminated. B) unexploited profit opportunities will never exist. C) all prices can be accurately predicted. D) every financial market participant must be well informed about securities.
The WTO allows trade protection to protect endangered species
Indicate whether the statement is true or false
When you deposit funds in a bank and then the bank lends these funds to a borrower, the bank is engaged in
A. universal banking. B. financial intermediation. C. fiduciary investment. D. fraudulent behavior.
If firms in a monopolistically competitive industry are operating with positive economic profit, over time we would see
A. firms alter their advertising rates until they made at least normal profits. B. some firms entering the industry, causing the demand curves of the existing firms to shift to the left. C. some firms entering the industry, causing the market supply curve to shift to the right, lowering price. D. some firms entering the industry, causing the demand curves of the existing firms to shift to the right.