The resource market involves transactions dealing with
a. natural resources and financial services.
b. the borrowing and lending of financial capital.
c. the buying and selling of final goods and services.
d. labor services, natural resources, and physical capital.
D
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In understanding and analyzing "market demand," we focus on how much all buyers are
A. willing and wanting to buy at different prices. B. willing and able to buy with their given income. C. willing and able to buy at different prices. D. actually buying now and in the recent past at various prices.
A small open economy increases its desired saving. This causes the world real interest rate to ________ and the country's current account balance to ________
A) fall; fall B) remain unchanged; rise C) fall; rise D) remain unchanged; fall
Government policies such as price controls, rent controls, and quantity restrictions have the effect of
A) promoting the attainment of an unhindered market equilibrium. B) allowing quantity demanded to adjust to equality with aggregate supply. C) creating excess quantities demanded or excess quantities supplied. D) pushing prices to market clearing levels more rapidly than private market forces.
Financial securities that represent promises to repay a fixed amount of funds are known as
A) bonds. B) stocks. C) pension funds. D) insurance premiums.