Suppose you and your friend are in a shopping mall and you borrow $100 from your friend to pay for a pair of shoes that you purchase in a sho
A) transaction costs. B) indirect financing. C) direct financing. D) moral hazard.
C
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A market dominated by a few large sellers who sell identical or differentiated products is called
A) perfect competition. B) monopolistic competition. C) monopoly. D) oligopoly.
Which of the following allow banks to minimize the cost to a business of borrowing?
I. Borrowing long and lending short II. Raising funds from a large number of depositors III. Creating money by lending all their reserves A) I only B) II only C) I and III D) II and III
If actual output is greater than equilibrium output, firms will ________ output to keep from ________ inventories
A) increase; accumulating B) increase; depleting C) decrease; depleting D) decrease; accumulating
European countries tend to rely on which type of tax more so than the United States does?
a. an income tax b. a lump-sum tax c. a value-added tax d. a corrective tax