On balance, markets do some things very well, and some things poorly
a. True
b. False
Indicate whether the statement is true or false
True
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In economics, the term ________ refers to a group of buyers and sellers of a product and the arrangement by which they come together to trade
A) trade-off B) collective C) cooperative D) market
A stockholder's ownership of a company's stock gives her the right to
A) vote and be the primary claimant of all cash flows. B) vote and be the residual claimant of all cash flows. C) manage and assume responsibility for all liabilities. D) vote and assume responsibility for all liabilities.
A bank has excess reserves of $6,000 and demand deposit liabilities of $100,000 when the required reserve ratio is 20 percent. If the reserve ratio is raised to 25 percent, the bank's excess reserves will be
A) -$5,000. B) -$1,000. C) $1,000. D) $5,000.
If price decreases by 10 percent and quantity demanded increases by 2 percent, the price elasticity of demand will be
A. 5. B. 20. C. 2. D. 0.2.