Coffee and tea are:
a. complements.
b. substitutes.
c. inferior goods.
d. unrelated goods.
e. nonmarket goods.
b
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The function that banks perform by obtaining funds from households, businesses, and governments and lending these funds to other households, businesses, and governments is known as
A) fiscal intermediation. B) financial intermediation. C) lending intermediation. D) liquidity intermediation.
If the personal assets of the owners can be claimed if the business is bankrupt, the owners are said to have
A) a corporation type of business. B) limited liability. C) separation of ownership from control. D) unlimited liability.
If Texans decrease their purchases of Mexican beer, assuming all else remains constant, this will ________ of the United States
A) decrease the financial account balance B) decrease net exports C) increase the trade deficit D) decrease the current account balance
The term capital consumption allowance is defined as:
a. the amount of net interest in an economy each year. b. the estimated value of depreciation and obsolescence in investment goods. c. the difference between exports and imports. d. the disposition of disposable personal income. e. the difference between earnings not received and receipts not earned.