Which of the following is the best example of complements?
a. milk and cheese
b. coffee and tea
c. CDs and DVDs
d. hiking boots and athletic shoes
e. film and film processing (developing)
E
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The process by which simultaneous withdrawals by a particular bank's depositors results in the bank closing is known as a
A) contagion. B) bank run. C) financial crisis. D) bank panic.
Speculators in derivatives markets
A) reduce the efficiency of these markets. B) are acting contrary to U.S. securities laws. C) accept risk transferred to them by hedgers. D) reduce the liquidity of these markets.
Which type of resource will improve through more education and training by workers?
A) money B) physical capital C) natural resources D) human capital
People who can earn higher market wages
a. have a greater net utility associated with nonmarket work b. supply more hours to market work than people with lower wages c. are less likely to perform nonmarket work d. are more likely to view leisure as an inferior good e. experience less disutility associated with market work