Which of the following is a financial intermediary?
A. the Internal Revenue Service
B. the U.S. Department of the Treasury
C. an insurance company
D. a share of corporate stock
Answer: C
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In the figure above, when the market is in equilibrium, marginal benefit ________ marginal cost, so the quantity of pizza produced is ________
A) equals; efficient B) exceeds; efficient C) is below; efficient D) is below; not efficient E) exceeds; not efficient
In a market where one unit of labor produces one unit of output, consumers prefer
A) a competitive labor market and a monopoly output market. B) a competitive output market and a monopoly labor market. C) a monopoly output market and a monopoly labor market. D) None of the above—they are indifferent between A and B.
An increase in the production of capital goods and a reduction in the production of consumer goods would most likely lead to a faster rate of future economic growth
a. True b. False Indicate whether the statement is true or false
The Law of Supply states that when the market price ______, the profit-maximizing sales quantity for a price taking-firm never ______.
A. increases; increases B. increases; decreases C. decreases; decreases D. decreases; stays the same