Goods and services are exchanged in
a. product markets
b. resource markets
c. inventory markets
d. classified markets
e. government markets
A
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What is the main reason the Fed operates in a political arena?
A) It lacks a constitutional mandate. B) The members of the Board of Governors must run for reelection every fourteen years. C) The members of the Board of Governors are typically prominent politicians. D) It is under the direct control of Congress.
Considering perfect competition, monopolistic competition, and monopoly, which of the market structures can have positive profits in the short run?
The traditional view of fixed rate systems was that
A) they improved inflation but were worse for growth. B) they improved stability but were worse for inflation. C) they improved inflation but worsened stability. D) they improved growth but worsened inflation.
The annual price of a one dollar loan is referred to as the:
A) service tax. B) rate of interest. C) discount value. D) principal.