If brokerage commissions on bond sales decrease, then, other things equal, the demand for bonds will ________ and the demand for real estate will ________
A) increase; increase
B) increase; decrease
C) decrease; decrease
D) decrease; increase
B
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A 25-year floating rate mortgage has its rate adjusted twice a year. This gives it a re-pricing maturity of
A) six months. B) twenty-four years and six months. C) twenty-five years. D) fifty years.
The European Union antitrust law focuses on which of the following?
A) efficiency B) furthering the social interest C) fairness D) the means to monopolize a market
If a regulatory board wanted to make sure that a natural monopoly earned a normal rate of return, it should set price which is equal to: a. marginal cost
b. average fixed cost. c. average variable cost. d. average total cost.
The consumer optimum (for two goods, A and B) is reached when
A) TUA = TUB. B) MUA = MUB. C) TUA/PA = TUB/PB. D) MUA/PA = MUB/PB.