Most bank loans are __________ maturity by the bank because of the __________ in monitoring how the borrower maintains his obligations
A) held to; ease
B) held to; difficulty
C) sold before; ease
D) sold before; difficulty
B
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If a panic causes Indian depositors to withdraw their money from Japanese banks, it would cause the Japanese Yen to ___________, since the supply of Yen has__________
a. Appreciate; Decrease b. Depreciate; Decrease c. Appreciate, Increase d. Depreciate; Increase
The supply and demand model
a. tries to include as many realistic details as possible in order to provide insights into real-world competitive markets b. uses simplifying assumptions while still providing insights into real-world competitive markets c. uses simplifying assumptions that severely limit its usefulness in practice d. is too complicated to be useful in practice e. is unable to explain price movements in most real-world competitive markets
Suppose there is a large number of jobs available for computer workers in California, but many such workers live in Texas, New York, and Illinois. This kind of mismatch is an example of
a. regional unemployment b. structural unemployment c. seasonal unemployment d. frictional unemployment e. cyclical unemployment
With respect to factors of production, which of the following statements is not true?
A. Factors of production are also known as resources. B. Only those resources that are privately owned are counted as factors of production. C. In order to produce any good or service, it is necessary to have factors of production. D. Factors of production include land, labor, capital, and entrepreneurship.