Financial systems have all but which of the following in common?
A) market-oriented emphasis
B) payments systems
C) central banks
D) information asymmetries
A
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Price discrimination is the
A) refusal by a firm to sell to all customers. B) selling of a given product at more than one price when the price differences reflect cost differences. C) pricing of a product so that not everyone can afford it. D) selling of a given product at more than one price when the price difference is unrelated to cost differences.
The owner of a sole proprietorship has limited liability, while stockholders of corporations have unlimited liability
a. True b. False Indicate whether the statement is true or false
If the percentage change in quantity supplied is 5%,and the percentage change in price is 10%, then the supply for the good is
A. elastic. B. inelastic. C. perfectly inelastic. D. unit elastic.
If the U.S. dollar depreciates against the yen below the targeted exchange rate, the U.S. Federal Reserve has to intervene in the foreign exchange market such that:
a. the U.S. demand for yen rises. b. the supply of U.S. dollars rises. c. U.S. exports to Japan fall. d. the U.S. dollar is devalued. e. the supply of U.S. dollars falls.