The process of bringing together buyers and sellers in a market is called:
A. intermediation.
B. supply and demand.
C. the invisible hand.
D. equilibrium.
A. intermediation.
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What is the formula for the price elasticity of demand? The percentage change in the
A) quantity demanded divided by the percentage change in the price of a substitute or complement. B) quantity supplied divided by the percentage change in price. C) quantity demanded divided by the percentage change in price. D) quantity demanded divided by the percentage change in income. E) equilibrium quantity demanded divided by the equilibrium price.
________ is the additional satisfaction a person receives from consuming an extra unit of a good
A) Total utility B) Marginal utility C) Diminishing marginal utility D) Preferences
Which of the following is a correct description of Libor?
A) an average interest rate from sixteen large banks are paying to borrow funds from other large banks. B) an interest rate calculated by the British Banker's Association every day at 11 a.m. London time C) an interest rate tied to corporate and mortgage loan contracts valuing roughly $400 trillion D) all of the above
A country has net capital outflow of $40 billion. Which of the following is consistent with this net capital outflow?
a. It has -$40 billion of net exports. b. Purchases of foreign assets by domestic residents exceed purchases of domestic assets by foreign residents by $40 billion. c. Its saving is $35 billion and its domestic investment is $5 billion. d. All of the above are consistent with a net capital outflow of $40 billion.