In a(n) ________ market, dealers in different locations buy and sell securities to anyone who comes to them and is willing to accept their prices
A) exchange
B) over-the-counter
C) common
D) barter
B
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An extremely severe recession is known as a
A) trough. B) peak. C) contraction. D) depression.
When a Central Bank takes action to decrease the money supply and increase the interest rate, it is following:
a. a loose monetary policy. b. a contractionary monetary policy. c. a expansionary monetary policy. d. a quantitative easing policy.
Figure 17-8
Refer to . The horizontal line at the world price of wagons represents the
a.
demand for wagons from the rest of the world.
b.
supply of wagons from the rest of the world.
c.
level of inefficiency in the domestic market caused by trade.
d.
surplus in the domestic wagon market.
From 1998 to 2010, the cost of electricity produced with nuclear power has ________, and the cost of electricity produced with solar power has ________.
A. increased; increased B. increased; decreased C. decreased; increased D. decreased; decreased