In the circular-flow diagram, in the markets for
a. goods and services, households and firms are both sellers.
b. goods and services, households are buyers and firms are sellers.
c. the factors of production, households are buyers and firms are sellers.
d. the factors of production, households and firms are both buyers.
b
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Between 1950 and 1980 in the U.S., interest rates trended upward. During this same time period
A) the rate of money growth declined. B) the rate of money growth increased. C) the government budget deficit (expressed as a percentage of GNP) trended downward. D) the aggregate price level declined quite dramatically.
Today's corporate structures have very little in common with the joint-stock companies of colonial America
Indicate whether the statement is true or false
Which of the following statements apply to international banking facilities (IBFs)?
a. IBFs are subject to U.S. interest rate regulations. b. IBFs are located all over the world. c. IBFs do not require FDIC deposit insurance premiums. d. IBFs offer a higher interest rate spread than normal U.S. banks. e. IBFs allow European residents to participate in the American stock exchanges.
Which of the following is closest to the economist's definition of perfect competition?
a. the airline industry b. the soft drink industry c. the fishing industry d. cellular telephone service