If a customer buys an airline ticket based only on the price of the ticket for a particular destination, then the airline ticket is best regarded as a(n)
A. experience good.
B. credence good.
C. inferior good.
D. search good.
Answer: D
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The Federal Reserve Bank was modeled after the European Central Bank
a. True b. False Indicate whether the statement is true or false
Some of the ways that industrially advanced countries (IACs) can help developing countries (DVCs) in achieving faster economic growth include the following, except:
A. Expanding trade B. Admitting in more temporary workers C. Subsidizing their own agricultural sectors D. Discouraging arms sales
Suppose someone offered to give you $1,000,000 five years in the future and the anticipated interest rate is 5 percent. The present value of this offer would be worth approximately
A) $784,000. B) $500,000. C) $1,050,000. D) $286,000.
A major reason for the development of money market mutual funds in the 1970s was that: a. open-market operations were suspended
b. bank deposit rates were capped at levels below market interest rates. c. money market funds offered more flexible checking privileges than banks. d. they were considered to be safer than banks. e. money markets did not exist until 1970.