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.
A
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When the price of tacos rises 4 percent, the quantity demanded decreases 10 percent. What is the price elasticity of demand for tacos?
A) 40.0 B) 25.0 C) 0.4 D) 2.5 E) 10.0
A production possibilities frontier that is a downward-sloping straight line implies
A) economies of scale. B) diseconomies of scale. C) economies of scope. D) no economies of scope.
In dollar value, the nominal GDP in the United States is
a. between 5 and 6 billion. b. between 8 and 9 billion. c. between 8 and 10 trillion. d. between 13 and 15 trillion.
Which of the following would be an asset to a bank?
a. cash in the vault b. a loan to a university student c. a government security d. All of the above are correct.