How do the suppliers of capital and the users of capital connect?
A. Through the Fed discount window
B. Through government agencies
C. Through private one-on-one transactions
D. Through the use of a financial intermediary
Answer: D
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The primary objective of agricultural cooperatives is to
a. prohibit imports of agricultural goods into the country b. regulate price by controlling output c. encourage domestic competition that lowers price because most agricultural cooperatives are consumer based d. safeguard the quality of farm goods put on the market to avoid government interference in their markets e. work to facilitate conglomerate mergers
An entrepreneur probably will start a business if she sees an opportunity to sell an item at a price:
A. less than the competitors' price. B. equal to the competitors' price. C. equal to the average total cost of producing it. D. higher than the average total cost of producing it.
Refer to the accompanying figure.
Starting from long-run equilibrium at point C, a favorable inflation shock that decreases inflation from ? to ?1 will lead to a short-run equilibrium at point ________ creating ________ gap.
A. B; expansionary B. B; recessionary C. A; a recessionary D. A; an expansionary
A firm in a perfectly competitive industry is a
A) price taker. B) quantity taker. C) profit maker. D) price maker.