Which of the following institutions are NOT examples of financial intermediaries?
A) 1st National Bank, Chemical National Bank, Chase Manhattan National Bank
B) Farmer's Credit Union, 1st Mortgage Bank, IBM Credit Union
C) a Savings and Loan, New York Savings and Loan, First American Savings and Loan
D) the New York Stock Markets, Chicago and Pacific
D
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In a market for homogenous goods:
A. firms sell identical products. B. firms sell different products. C. firms sell identical products for identical prices. D. firms sell different goods for identical prices.
There has been a massive relocation of heavy industry from the U.S. Northeast and upper Midwest to the "Sun Belt."
Indicate whether the statement is true or false
Suppose a government sets theprice for a natural monopoly at the competitive level such that P = MC. To keep the seller from taking a loss under this policy, the government could provide a lump-sum payment to the firm
How could we determine this payment? A) Multiply the competitive quantity by the competitive marginal cost B) Multiply the competitive quantity by the regulated price C) Multiply the competitive quantity by the difference between MC and AC D) Multiply the difference in the competitive and monopoly quantities by AC
Empirical evidence indicates that higher real interest rates lead to ________ in savings.
A. no change in B. modest increases C. modest decreases D. substantial increases