Which of the following is not an example of microfinance?
A. A loan to a bakery for a machine to mix dough.
B. A loan to a small farmer for fertilizer.
C. A loan to an executive for a retirement home.
D. A loan to a restaurant owner for an indoor grill.
Answer: C
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Which of the following correctly explains the role of economic agents in a free market?
A) Economic agents set production quotas for sellers in the market. B) Economic agents set prices according to the production cost of each good. C) Economic agents allocate goods to those buyers who need the goods the most. D) Economic agents allocate goods to those buyers who value the goods the most.
Which of the following have a positive relationship with household saving?
I. the real interest rate II. disposable income III. expected future income A) I and II B) II only C) II and III D) I, II and III
Nonrivalry is a feature of
A) goods but not services. B) all nonexcludable goods. C) excludable goods. D) public goods.
Find the real exchange rate for the following case: Assume that the representative basket of European goods costs 100 euros and the representative U.S. basket costs $125,
and the dollar/euro exchange rate is $0.75 per euro, then the price of the European basket in terms of U.S. basket is: