Financial disintermediation occurs when:
a. Individuals no longer trade securities in the secondary market.
b. Individuals withdraw funds from financial intermediaries and invest them elsewhere.
c. Businesses no longer borrow directly in the bond market.
d. All of the above.
.B
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The reason why the differences in the growth stories of North Korea and South Korea can be viewed approximately as a natural experiment or an experiment of history is that:
A) institutions in both countries was changing radically, while geography and culture remained largely unchanged. B) culture in both countries was changing radically, while geography and institutions remained largely unchanged. C) geography in both countries was changing radically, while culture and institutions remained largely unchanged. D) institutions, geography, and culture in both countries were changing radically.
A decrease in the price of pork will result in
A) a smaller quantity of pork supplied. B) a decrease in the demand for pork. C) a larger quantity of pork supplied. D) an increase in the supply of pork.
If two goods are often consumed together, they are
a. substitute goods b. inferior goods c. complementary goods d. normal goods e. unrelated goods
Based on the table showing unemployment rates and earnings by educational attainment, which group has the highest earnings level?
a. people with a doctoral degree
b. people with a professional degree
c. people with an associate’s degree
d. people with a high school diploma