A financial intermediary that has existed throughout recorded history.
Answer the following statement(s) true (T) or false (F)
Answer : False
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Global capital markets have which of the following characteristics
A) ease of entry. B) many sellers. C) very competitive. D) all of these choices characterize this market.
Why is the fear of expropriation an obstacle to economic growth?
a. Without research and development, no technological advances can be made. b. Large government spending causes negative externalities. c. Powerful special interest groups have too much control. d. No foreign investment comes to the country, because of the lack of guarantees. e. The fear of expropriation causes too many resources to be devoted to military spending which is a highly unproductive sector.
During the Revolutionary War, the Pennsylvania legislature attempted to help the Continental Army by enacting
a. wage floors for soldiers in the army. b. bonuses for soldiers who re-enlisted. c. laws to buy food for the soldiers stationed in Pennsylvania. d. price controls on essential commodities. e. All of the above are correct.
In the Edgeworth box diagram, if the initial allocation of consumer goods is off the contract curve, then we can be sure that
A. the MRS of each consumer is the same. B. both parties can be made better off. C. trade will occur if allowed and transactions costs are high. D. the initial allocation is unfair.