Which of the following is not a financial intermediary in the loanable funds market model?
a) Banks
b) Mutual funds
c) Stock market
d) Credit unions
Ans: c) Stock market
Economics
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Explain the relationship between relative prices and the slope of a country's production possibilities frontier
What will be an ideal response?
Economics
A firm's short-run average cost is defined as
a. the ratio of total output to short-run total cost. b. the ratio of short-run total cost to total output. c. the additional cost of producing one more unit of output while some input is fixed. d. the additional cost of producing one more unit of output while all inputs are fixed.
Economics