________ of a foreign bank operates in the U.S. but cannot accept deposits from domestic residents
A) An agency office
B) A universal corporation
C) A McFadden corporation
D) A Basel branch
A
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Ramen noodles are likely considered
A) a normal good. B) an inferior good. C) to have inelastic demand. D) to have perfectly elastic demand.
Paul and Maggie advertise for a babysitter. Jenny is the only one who answers the ad and she's hired. She asks for $7 per hour and gets it. She occasionally thinks of raising the rate to $10 but is afraid that Paul and Maggie will decide to advertise again. This tale is analogous to
a. monopolistic competitive pricing b. the idea of nationalization c. contestable markets d. laissez-faire e. creative destruction
Which of the following would most likely discourage investment?
a) an increase in the selling price of a firm’s output b) a reduction in the selling price of corporate stock c) an increase in bond prices d) a reduction in the rate of inflation e) an increase in the optimal capital stock
Which of the following is a characteristic of a general? partnership?
A. Partnerships do not have to pay? taxes, but a corporation does. B. The partners have joint liability for the? firm's financial obligations. C. It is a corporation. D. Only one partner can make decisions. E. It is owned by one individual.