An individual who desires the most liquid asset possible will hold
A. U.S. government bonds.
B. currency.
C. a savings account.
D. checkable deposits at a bank.
Answer: B
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Even if the City Council fixed high minimum taxi fares and gave licenses to operate to only a few cab owners, license holders would not earn large profits from operating taxis in the city because
A) people would drive their own cars. B) people would substitute buses for taxis. C) taxis are not a necessity of life. D) the cost of owning a license would eat up the potential profits from operating a taxi. E) the demand would fall as taxi fares rose.
A change in the price of a good has no effect on the supply schedule
a. True b. False Indicate whether the statement is true or false
Why are U.S. banks prohibited from owning stocks?
What will be an ideal response?
The share of ________ by the top firms is known as the concentration ratio.
A. outstanding shares of stock issued B. industry output in sales or employment accounted for C. resources used in production D. the labor force employed