A seller who is offering a low-quality used good for sale:
A. is less likely to offer a money-back guarantee than is a seller who is selling a high-quality good.
B. is more likely to offer a money-back guarantee than is a seller who is selling a high-quality good.
C. is just as likely to offer a money-back guarantee than is a seller who is selling a high-quality good.
D. is the only kind of seller who would ever offer a money-back guarantee because sellers of high-quality goods do not have to offer guarantees.
Answer: A
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Most of a bank's operating income results from
A) interest on assets. B) service charges on deposit accounts. C) off-balance-sheet activities. D) fees from standby lines of credit.
Human capital theory suggests that everyone's income reflects individual choices about investments in education and training
Indicate whether the statement is true or false
The current account balance is equal to
A) exports - imports - net interest + net transfers. B) exports - imports + net interest + net transfers. C) imports - exports + net interest - net transfers. D) exports - imports - net interest - net transfers. E) imports - exports + net interest + net transfers.
An increase in the marginal propensity to import will
A) raise imports and raise equilibrium income. B) lower imports and raise equilibrium income. C) lower the multiplier and reduce equilibrium income. D) raise the multiplier and reduce equilibrium income.