Are whales excludable? Are they rival in consumption? How do we classify whales in terms of the four types of goods?
Whales are not excludable, but they are rival in consumption, so whales are classified as common resources.
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Approximately, the real interest rate ________ the inflation rate ________ the nominal interest rate
A) plus; equals B) equals; plus C) equals; minus D) minus; equals
The Fed's goal of interest rate stability
A) was formally abandoned in 1998. B) is motivated by political pressure as well as by a desire for a stable saving and investment environment. C) is undermined by actions the Fed takes to further its goal of stability in financial markets and institutions. D) is undermined by actions the Fed takes to further its goal of price stability.
Firms can practice indirect price discrimination by
a. Offering volume discounts b. Using two-part pricing c. Offering a bundle containing a number of units d. All of the above
The financial liability that makes the real economy function smoothly for its liquidity and its acceptability is called:
A. bonds. B. stocks. C. money. D. mortgages.