Banks act as financial intermediaries by:
a. bringing together car buyers and auto dealers
b. bringing together real estate brokers and home buyers.
c. printing money for all to use.
d. serving the credit needs of borrowers and the security needs of savers.
e. selling shares of stock to investors.
d
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A good's Demand Curve is QD = 25 - P, and its Supply Curve is QS = 10 + 2P
a. When P = $20, what is the difference, if any, between QD and QS? b. When P = $3, what is the difference, if any, between QD and QS? c. What are the equilibrium values of P and Q?
Elizabeth's opportunity cost of selling a widget is $18, while Jess values it at $27 . Identify the correct statement from the following
a. Jess can threaten to go to another seller if the transaction benefits Elizabeth more than her. b. The core is of the zone of agreement. c. The core consists of prices above $27, which benefits both parties. d. Elizabeth can threaten to go to another seller if the transaction benefits Jess more than her.
According to the text, why would firms in an industry follow the price leadership of another firm?
a. fear of retribution from the price leader if they don't follow b. smaller firms do not have the resources to determine optimal price c. the price chosen by the leading firm is the optimal one for all d. profit will be distributed in accordance with firms' market share e. every firm in the industry has confidence the leading firm will act for the benefit of all firms
A ski resort is clearly "selling short" when it
A) charges lower prices for weekday lift tickets compared to weekend lift tickets. B) offers children and senior citizens discounts on lift tickets. C) charges a two-for-one special on Monday nights only. D) offers a discounted season ticket that must be purchased before the ski season opens.