As disposable income ________, planned consumption expenditure ________ by a ________ amount
A) decreases; increases; larger
B) increases; decreases; smaller
C) increases; increases; larger
D) increases; increases; smaller
E) decreases; increases; smaller
D
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Straight Cut beauty salon merges with Clean-Cut beauty salon. This is an example of
A) conglomerate merger. B) concentration ratio. C) vertical merger. D) horizontal merger.
If there is a shortage in a free market, then
A) consumers will offer to pay a lower price for the good, and the price will fall toward the equilibrium level. B) consumers will offer to pay a higher price for the good, and the price will rise toward the equilibrium level. C) suppliers will decrease their output to match demand. D) suppliers will accept any price below equilibrium.
With an adjustable rate mortgage, if the rate of inflation jumps, then the nominal rate on the mortgage will
What will be an ideal response?
The fractional reserve system of banking started when goldsmiths began:
A. Accepting deposits of gold for safe storage B. Charging people who deposited their gold C. Using deposited gold to produce products for sale to others D. Issuing paper receipts in excess of the amount of gold held