Expenditure switching refers to
A) a switching back and forth between investment and consumption expenditures.
B) a switching back and forth between domestic and foreign goods in response to changes in the exchange rate.
C) a switching back and forth between domestic and foreign goods in response to changes in the interest rate.
D) a switching of back and forth in the current account from a deficit to a surplus and vice versa.
E) All of the above.
B
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If three residential cleaning service companies agree to reduce the number of homes they clean each month in an effort to raise the price for the service, this is an example of ________.
A) output restrictions B) monopolization C) resale price maintenance D) market division
The interest rate charged for loans through the discount window is called the:
A. discount rate. B. reserve rate. C. interest rate. D. prime rate.
One protection that encouraged entrepreneurs in the U.S. was the enforceability of contracts by the courts
a. True b. False Indicate whether the statement is true or false
Bankruptcy laws provide proper incentives by
A. completely absolving the person in debt from responsibility for it. B. making it a moral failing C. giving the person in debt a reason to work hard because they don't have to pay it all off. D. giving the person in debt a reason to work hard to pay it all off.