Traditional sports gambling is legal
A. everywhere.
B. as long as it is on the internet.
C. nowhere.
D. in some states (Nevada, Montana, Delaware, and Oregon) and illegal in others.
Answer: D
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A ________ curve shows how many units of a good or service consumers are willing to buy at various prices, and a ________ curve shows how many units of a good or service sellers are willing to offer for sale at various prices
Fill in the blank(s) with correct word
Which of the following is not one of the ways that banks reduce transaction costs for creditworthy borrowers?
a. coping with asymmetric information b. increasing risk through diversification c. enforcing loan contracts d. These are all ways banks reduce transaction costs
According to the classical model, more saving leads to more investment because
A. the people who save are the same people who invest. B. the interest rate adjusts to keep investment equal to saving. C. the interest rate is set by the federal government. D. saving and investment are two sides of the same activity.
In calculating the unemployment rate, "discouraged" workers who are not actively seeking employment are:
A. Excluded from the labor force B. Included as part of the unemployed C. Treated the same as part-time workers D. Used to determine the size of the labor force