Suppose the following information describes the economy:Consumption3000Government Budget surplus500Government transfers and interest payments750Government tax collections1,750GDP6,000Public saving equals ____and national saving equals ________.
A. 500; 1,500
B. 1,250; 2,250
C. 750; 2,750
D. 500; 2,500
Answer: D
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Assuming all else equal, a rise in the rate of interest:
A) results in a fall in the cost of borrowing. B) results in a fall in the amount of interest accumulated on a loan. C) results in a fall in the quantity of credit demanded. D) results in an increase in the number of potential debtors.
Flexible, or floating, exchange rate is determined by the:
A. World Bank. B. forces of supply and demand. C. price of gold. D. Federal Reserve.
Regulations designed to provide information to the marketplace so that investors can make informed decisions are called
A) disclosure requirements. B) efficient market requirements. C) asset restrictions. D) capital requirements.
When a firm practices perfect price discrimination,
a. The demand curve is very inelastic b. The demand curve is the marginal revenue curve c. The demand curve is very elastic d. The marginal cost curve is the average cost curve