A(n) ________ is a subsidiary of a U.S. bank that is engaged primarily in international banking
A) Edge Act corporation
B) Eurodollar agency
C) universal bank
D) McFadden corporation
A
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When the price is below the equilibrium price, the quantity demanded
A) is less than the equilibrium quantity and the quantity supplied also is less than the equilibrium quantity. B) is less than the equilibrium quantity but the quantity supplied exceeds the equilibrium quantity. C) exceeds the equilibrium quantity and the quantity supplied also exceeds the equilibrium quantity. D) exceeds the equilibrium quantity but the quantity supplied is less than the equilibrium quantity.
Which of the following is a definition of economic fluctuations?
a. Movements in prices around their long-run trend b. Shifts in the long-run trend of output c. Movements of the real wage over the long run d. Shifts in the long-run trend of prices e. Movements in output around its long-run trend
Suppose your own demand curve for tomatoes slopes downward. Suppose also that, for the last tomato you bought this week, you paid a price exactly equal to your willingness to pay. Then
a. you should buy more tomatoes before the end of the week. b. you already have bought too many tomatoes this week. c. your consumer surplus on the last tomato you bought is zero. d. your consumer surplus on all of the tomatoes you have bought this week is zero.
Which one of the following is the best example of an oligopolistic industry?
A. cigarettes B. wheat growers C. apple growers D. public utilities