As information technology improves, the lending role of financial institutions such as banks should
A) increase somewhat.
B) decrease.
C) stay the same.
D) increase significantly.
B
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The affordable bundle that yields the greatest satisfaction to the consumer is:
A. the equilibrium consumption bundle. B. the maximum bundle. C. the allowable purchasing bundle. D. the most popular bundle.
Which of the following would typically be considered a cost of economic growth?
A. increased poverty B. urban congestion C. decreased levels of health D. increased illiteracy
In 2001 a combination of tax cuts and increased defense spending did not have the same inflationary effect as the similar policy in the 1960s. Explain the difference.
What will be an ideal response?
A consumer will maximize utility, given income and prices, when the marginal rate of substitution is equal to the ratio of the prices of the two goods
Indicate whether the statement is true or false