A bank acts as _________________ between buyers and sellers.
A. an intermediary
B. a negotiator
C. an agent
D. an interpersonal communicant
A. an intermediary
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Suppose the country of Mankiwland has a new king, King Gregory. For the purpose of efficiency King Gregory's chief economic advisor would encourage him to design his country's tax system to minimize (i) deadweight losses from taxes. (ii) administrative burdens from taxes. (iii) the tax payments themselves. (iv) government expenditures to correct for market failures
a. (i) only b. (i) and (ii) only c. (iii) and (iv) only d. (i), (ii), (iii), and (iv)
Investment is equal to all purchases of newly produced capital goods
A) minus changes in business inventories. B) plus fixed investment minus inventory investment. C) plus changes in business inventories. D) plus changes in business inventories plus purchases of new residential housing.
As interest rates rise, more and more investments become profitable for a firm.
Answer the following statement true (T) or false (F)
The amount a family can take in deductions is the larger of
A. their exemptions and their itemized deductions. B. their exemptions and their capital gains. C. their standard deduction and their itemized deductions. D. their exemptions and the standard deduction.