The indirect provision of funds by savers to borrowers is accomplished by
a. banks and other financial markets.
b. banks and other financial intermediaries.
c. stock markets and other financial markets.
d. All of the above are correct.
b
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A country's government would like to raise the price of one its most important agricultural crops, coffee beans. Which of the following government programs will result in higher prices for coffee beans?
A) An import quota on coffee beans B) An acreage limitation program which provides coffee bean farmers financial incentives to leave some of their acreage idle C) An import tariff on coffee beans D) all of the above
When the government is the sole depository of foreign currencies and exercises complete control over how these currencies may be used, this
a. is a violation of International Monetary Fund regulations for member countries because it denies the right of market forces to determine exchange rates b. creates equilibrium in the foreign exchange market which would otherwise not occur c. is an example of exchange controls that allow a government to maintain a fixed exchange rate d. is necessary in a floating exchange rate system to keep the market in equilibrium e. stimulates international trade because it eliminates all the uncertainty associated with floating exchange rates
For a firm operating in a perfectly competitive industry, marginal revenue and average revenue are equal
a. True b. False Indicate whether the statement is true or false
Economic growth is most likely to solve the problems of
A. environmental pollution. B. world poverty. C. emotional stress. D. social alienation.