What is exchanged in the financial sector?
A. Only assets with a money price
B. Money only
C. Goods and services
D. All financial assets
Answer: D
Economics
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An outward bowed production possibilities curve illustrates
A) inefficient production. B) the law of increasing additional cost. C) a lack of scarcity. D) zero opportunity cost of moving from inefficient production to currently unobtainable production.
Economics
A representative firm in monopolistic competition will tend to make economic profits:
A. or losses in the short run, but the firm will break even in the long run. B. in the short run and long run. C. or losses in the short run, but the firm will make economic profits in the long run. D. and losses in the short run and long run.
Economics