Microeconomics deals with the analysis of all of the following issues except
a. wage determination of carpenters
b. unemployment during the Great Depression
c. how Ford prices its cars
d. the decision a college student makes concerning his or her consumption
e. how monopoly and competitive markets differ
B
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Which of the following statements is true?
A) Non-bank institutions are also a part of the credit market. B) People who lend money are known as debtors. C) People who borrow money are known as creditors. D) Money that is lent out is considered to be a liability.
The current deficit minus net interest is called the
A) primary deficit. B) net current deficit. C) current surplus. D) primary current deficit.
Research seems to suggest that corporate culture
A) is unrelated to stock performance. B) is closely related to stock performance. C) helps determine the cost of capital. D) is easily transferable across organizations.
The maximum amount by which the entire banking system can create money is equal to:
a. a fraction of its excess reserves. b. a fraction of its required reserves. c. a multiple of its total reserves. d. a multiple of its excess reserves. e. its excess reserves.