Along an indifference curve for goods X and Y, the vertical and horizontal axes measure the:
a. prices of X and Y.
b. total utilities of X and Y.
c. quantities of X and Y.
d. marginal utilities of X and Y.
c
Economics
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Financial intermediaries are institutions that facilitate the movement of funds from savers to investors because they
A) guarantee positive returns on investments. B) eliminate the costs of negotiating such transactions. C) eliminate risks. D) provide liquidity.
Economics
Julia invested $3,000 at an annual interest rate of 5 percent. From last year to this year, there has been a 4 percent inflation rate. After a year, the purchasing power of her investment _____.
(A) Is 4 percent (B) Is 5 percent (C) Rose by 1 percent (D) Fell by 1 percent
Economics