Which of the following pairs of countries experienced approximately the same rate of growth of real income per person over about the last 120 years?
a. Germany and Japan
b. Indonesia and Bangladesh
c. the United States and Argentina
d. Mexico and Pakistan
c
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A financial institution that accepts deposits and makes loans is generally referred to as a(n)
A) central bank. B) commercial bank. C) monetary authority. D) investment bank.
The purchase of fire extinguishers by apartment dwellers provides benefits to their neighbors. Explain why this situation leads to an inefficient outcome
What will be an ideal response?
Disintermediation resulted from
A) interest rate ceilings combined with inflation-driven increases in interest rates. B) elimination of Regulation Q (the regulation imposing interest rate ceilings on bank deposits). C) increases in federal income taxes. D) reserve requirements.
Refer to the payoff matrix below. If Best Treats announces that it will introduce the new health snack, Healthy Snacks ________ believe Best Treats as their incentives ________ align.
Healthy Snacks and Best Treats are two firms competing in the health food snacks market. Both are considering introducing a new health food snack made purely of dried power fruits. The payoff matrix shows their net economic profit in millions for the different strategies.
A) should not; do
B) should; do
C) should not; do not
D) should; do not