Banks earn a profit by offering loans at higher interest rates than they pay savers
a. True
b. False
Indicate whether the statement is true or false
True
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An investment intermediary that lends funds to consumers is
A) a finance company. B) an investment bank. C) a finance fund. D) a consumer company.
Which of the following is not an assumption of the medium voter model?
a. Voters can place all election alternatives along a one-dimensional continuum. b. Voters always vote their true preference. c. Voters prefer alternative closer to their preferred outcome. d. Voters engage in preference falsification.
Which of the following is true about price discrimination? a. When there are a number of competing firms, price discrimination is less likely because competitors tend to undercut the high prices charged those discriminated against. b. A profit-maximizing seller will charge a higher price for those with a greater willingness to pay, and a lower price for demanders with a lower willingness to
pay. c. Price differentials between groups will erode if reselling is easy. d. All of the above are true of price discrimination.
Which of the following people would be considered unemployed?
(a) A person who stayed home to raise his children and now starts looking for a job. (b) A person who quits a job to return to school full time. (c) A person who is qualified to teach but is driving a bus until a teaching job is available. (d) A person who works two part-time jobs but is looking for a full-time job.