What is the typical role of a central bank?
A. It serves as a lender of last resort.
B. It serves as a bank for the national treasury.
C. It regulates depository institutions.
D. all of these
Answer: D
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data show that among the firms that produce bananas, dole has 26% of sales, del monte has 14% of sales, fyffes has 8% of sales and nabob has 5% of sales. all other firms has the rest of sales. this information suggests that:
a) firms in the industry are "price takers" b) the firms in the industry are likely to engage in strategic behaviors and interaction c) the banana industry has a strong oligopoly d) the industry wold be described as monopolistic competitive e) b and c likely to occur
What are the main characteristics that make it more likely for a cartel to enforce agreements among participating members?
What will be an ideal response?
Which of the following groups is under-represented in the poverty statistics relative to their overall U.S. population?
A. Whites (non-Hispanic) B. Asians C. Blacks (non-Hispanic) D. Hispanics
The income elasticity of demand for restaurant meals is 1.61. So
A) if income increases by 16.1 percent, the quantity demanded of restaurant meals will increase by 10 percent. B) if income increases by 10 percent, the quantity demanded of restaurant meals will increase by 16.1 percent. C) restaurant meals are an income elastic normal good. D) Both answers B and C are correct.