A mechanism by which buyers and sellers of goods and services negotiate an exchange is a
A. goods and services market.
B. factor market.
C. goods and services convention.
D. goods and services union.
Answer: A
You might also like to view...
In the long run, a perfectly competitive firm leaves the market if the market price is less than the firm's average total cost
Indicate whether the statement is true or false
Assume that the U.S. dollar depreciates against the Japanese yen. What is the impact on aggregate expenditures and income?
A) Both increase. B) Both decrease. C) Aggregate expenditure increases and income decreases. D) Aggregate expenditure decreases and income increases.
If a bank has excess reserves greater than the amount of a deposit outflow, the outflow will result in equal reductions in
A) deposits and reserves. B) deposits and loans. C) capital and reserves. D) capital and loans.
If the saving rate decreases, break-even investment will be ________ than investment, and the capital-labor ratio will ________
A) greater; increases B) greater; decreases C) less; increases D) less; decreases