A car owner who has agreed to sell his old car to a buyer at a contracted price will be unable to accept the price offered by other prospective buyers due to the _____ constraint
a. financial
b. informational
c. societal
d. contractual
D
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Money that can be used to purchase capital goods is known as
a. financial capital. b. profit. c. liquid capital. d. interest.
Offering discounts to senior citizens is
A. a philanthropic decision. B. peak-level pricing. C. price discrimination. D. an inefficient practice.
Based on economic criteria, a nation should choose a fixed exchange rate if:
A) the monetary authorities are capable of handling shocks. B) the net benefits of fixing versus floating are positive. C) the net benefits of fixing versus floating are negative. D) there is a liberal political agenda that restricts government authority over capital flows.
A downward movement along the investment demand curve would be caused by a(n):
A. increase in the expected rate of return on investment caused by an increase in business confidence. B. decrease in the expected rate of return on investment caused by a decrease in business confidence. C. increase in the rate of interest. D. decrease in the rate of interest.