Institutions that channel funds from people who have them to people who want them are called:
A. financial intermediaries.
B. corporations.
C. the Federal Reserve.
D. governmental agency.
A. financial intermediaries.
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If the United States imposes a tariff on foreign chocolate, how are U.S. producers of chocolate affected?
A) The quantity of chocolate they sell decreases because U.S. consumption of chocolate decreases. B) The quantity of chocolate they produce increases. C) The price at which they sell their chocolate falls. D) They are harmed because foreign exporters of chocolate increase their supply in response to the higher price. E) They are unaffected because the quota applies to foreign producers, not to U.S. producers.
The Keynesians argue that even if the interest rate does __________ in response to a decrease in investment, there is __________ guarantee that spending will increase very much
A) increase; no B) increase; a C) decrease; no D) decrease; a
Leisure is
a. subject to the law of diminishing marginal utility b. usually considered an inferior good c. a complementary good with nonmarket work d. a complementary good with market work e. an irrational way to spend valuable time
Historically, which of the following is the most influential factor driving innovation in the hotel industry?
A. Downturns in the economic cycle B. Focus of the populace on travel in general C. Amenity creep D. Importance of innovation as seen by individual property managers E. Whether or not brand equity is seen as important at any given time