Financial intermediaries, such as commercial banks, provide benefits to:
A. borrowers only.
B. savers only.
C. the government only.
D. both savers and borrowers.
Answer: D
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Knowledge capital is ________ in production and ________. As a result, firms ________ free ride
A) nonrival; nonexcludable; cannot B) nonrival; excludable; can C) nonrival; nonexcludable; can D) rival; nonexcludable; cannot
If the U.S. dollar is pegged to gold, then
A) the Federal Reserve must adjust the supply of U.S. dollars when the price of gold changes. B) the government must buy and sell gold reserves when the price of the dollar changes. C) the U.S. dollar will not change in value since the price of gold is constant. D) the U.S. dollar would become more valuable than the Euro.
Along a supply curve: a. supply changes as price changes
b. quantity supplied changes as price changes. c. supply changes as technology changes. d. quantity supplied changes as technology changes.
Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Table 8.2 
Refer to Table 8.2. Assume that Sherry's Earrings is producing in a perfectly competitive market and the market price for earrings is $60. To maximize profits Sherry should produce ________ pairs of earrings.
A. two B. three C. four D. five