Which of the following terms is not associated with a market having a firm whose behavior has been judged to be characteristic of the dominant firm model?
a. godfather
b. price leadership
c. kinked demand curve
d. profit maximization
e. oligopoly
C
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The average number of times in a year each dollar is used to buy goods and service is called
A) rate of circulation speed. B) circulation rate. C) velocity of circulation. D) nominal GDP. E) inflation.
If buyers expect prices to ________ faster than the interest rate, it makes sense to _____ as much money as possible to _____ now in order to ______ in the future
a. Increase; borrow; buy; sell b. increase; save; buy; sell c. decrease; save; buy; sell d. decrease; borrow; sell; buy
Which of the following transactions would be included in the U.S. balance of payments?
a. A U.S. resident buys a bus ticket from Dallas to El Paso, Texas. b. U.S. manufacturers sell thousands of cars to Canadian buyers. c. A U.S. resident pays a fee to obtain a passport to travel abroad. d. Canadian oil companies pay a Dutch firm to design an oil pipeline.
Which of the following has been a problem faced by the FDIC in its provision of federal deposit insurance?
A. a relatively low number of bank failures each year, which has reduced the need for deposit insurance B. adverse selection arising from the tendency for banks to take on more risk after they receive deposit insurance C. moral hazard arising from the tendency for the highest-risk banks to be those most interested in obtaining deposit insurance in the first place D. moral hazard arising from the tendency for banks to take on more risk after they receive deposit insurance