Financial intermediaries develop ________ in things such as computer technology which allows them to lower transactions costs
A) expertise
B) diversification
C) regulations
D) equity
A
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Should I buy a new or a used copy of the textbook? According to the economic way of thinking, the person is asking about
A) economic efficiency. B) educational efficiency. C) scholastic efficiency. D) motivational efficiency. E) academic efficiency.
Hot dogs and hot dog buns are complements. An increase in the price of flour used to make hot dogs buns will
a. increase consumer surplus in the market for hot dog buns and decrease producer surplus in the market for hot dogs. b. increase consumer surplus in the market for hot dogs and increase producer surplus in the market for hot dog buns. c. decrease consumer surplus in the market for hot dog buns and increase producer surplus in the market for hot dogs. d. decrease consumer surplus in the market for hot dog buns and decrease producer surplus in the market for hot dogs.
When rates of pay and job assignments are determined by administrative rules and implicit promises of management, then a firm is operating in a(n)
A. internal labor market. B. competitive labor market. C. risk-sharing market. D. human capital market.
M2 is _______ M1
A. about five times as large as B. about one and a half times as large as C. a little smaller than D. about one third the size of E. about one eighth the size of