Which of the following is not one of the three central coordination problems of the economy given in the book?
A. For whom
B. How
C. Whether
D. What
Answer: C
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Bargaining does NOT normally occur in
A) vertical business relationships. B) wages and working conditions under a union contract. C) posted price markets. D) the legal system.
If the world price is below the domestic "no-trade" equilibrium price, then with international trade:
a. the domestic shortage can be eliminated by rationing. b. the domestic surplus can be consumed at home. c. the domestic surplus can be exported to the rest of the world. d. the domestic quantity demanded is equal to that supplied by the world. e. the domestic shortage can be met by foreign imports.
Which of the following will tend to result in the least variation in the expected real rate of return from the ownership of stocks?
What will be an ideal response?
Which of the following assigns widely followed bond ratings?
A. The U.S. Treasury B. The New York Stock Exchange C. Standard & Poor's D. The Federal Reserve