The largest group of saver-lenders in the financial system is
A) businesses.
B) government.
C) households.
D) financial intermediaries.
C
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The demand curve that a monopolist firm faces is
a. the same as the demand curve facing a perfectly competitive firm except the monopolist is a price maker and the competitive firm is a price taker b. the same as the demand curve facing a perfectly competitive firm except the monopolist is a price taker and the competitive firm is a price maker c. horizontal, because there are no close substitutes for its product d. the same as its industry demand curve e. vertical, because there are no close substitutes for its product
If the U.S. dollar appreciates in the foreign exchange market,
a. American goods will become more expensive for foreign buyers and foreign goods will be cheaper for Americans. b. American goods will become less expensive for foreign buyers and foreign goods will be more expensive for Americans. c. American goods will become more expensive for foreign buyers and foreign goods will be more expensive for Americans. d. American goods will become cheaper for foreign buyers and foreign goods will be cheaper for Americans. e. neither the price of U.S. exports nor the price of U.S. imports will change.
In 2005, the European Union began a program to
A) reduce greenhouse gas emissions by 10 percent within 5 years. B) eliminate greenhouse gas emissions by 50 percent within 15 years. C) subsidize firms that pollute more than a given limit. D) allow the trading of carbon-dioxide permits among firms.
In a progressive income tax system
A. the average tax rate exceeds the marginal tax rate. B. the marginal tax rate exceeds the average tax rate. C. the tax rate depends solely on how long an individual has been in the labor force. D. high income earners pay a lower percentage of their income in taxes than do low income earners.