Although the dominance of ________ over ________ is clear in all countries, the relative importance of bond versus stock markets differs widely
A) financial intermediaries; securities markets
B) financial intermediaries; government agencies
C) government agencies; financial intermediaries
D) government agencies; securities markets
A
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Demand-side inflation differs from supply-side inflation in the following way:
a. demand-side inflation has higher output; supply-side inflation has lower output. b. demand-side inflation has lower output; supply-side inflation has higher output. c. demand-side inflation is always followed by stagflation; supply-side inflation is always followed by demand-side inflation. d. demand-side inflation has a self-correcting mechanism; supply-side inflation does not.
A monopolist hires fewer workers than a perfectly competitive industry, other things being equal, because
A) a monopolist has to pay higher wages in order to attract additional workers. B) the monopolist substitutes more capital for labor when compared to a competitive industry. C) the monopolist producer has to deal with unions and face higher wages than do competitive industries. D) the monopolist produces less output than a competitive industry.
Refer to the information provided in Figure 20.4 below to answer the question(s) that follow.
Figure 20.4Refer to Figure 20.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. If the tariff is raised so that it now equals $10, tariff revenue in this country will be
A. $0. B. $1,000. C. $2,000. D. $3,000.
A market structure in which many firms are selling an identical product is called
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.