A number of European nations have agreed to use the ___________ as a common currency
A. mark
B. pound
C. euro
D. continental
C. euro
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The above figures show the market for hamburger meat. Which figure(s) shows the effect of an increase in the price of a hamburger bun, a complement for hamburger meat?
A) Figure B B) Figure C C) Figure D D) Figures A and B
In the circular flow model of the economy, the resource market is where
a. consumers purchase consumer goods and services b. firms purchase goods and services c. consumers supply goods and services d. firms purchase labor, land, and capital e. consumers purchase labor and capital
Credit Suisse, Goldman Sachs, and Lazard Freres are examples of
A) commercial banks. B) corporations. C) non-bank financial institutions, such as insurance companies, pension funds, and mutual funds. This includes investment banks, which specialize in underwriting sales of stocks and bonds by corporations and in some cases governments. D) central banks and other government agencies. E) non-profit organizations.
Second-degree price discrimination allows firms to do all of the following except which one?
A) sell more units B) earn less profit compared to charging the profit-maximizing price for all units C) receive a higher price of the first units sold D) change some of the consumer surplus into profit