Unemployment and inflation are:
A) not relevant in the U.S. economy today.
B) major topics in macroeconomics.
C) unique only to capitalistic economies.
D) very important in the study of microeconomics.
Ans: B) major topics in macroeconomics.
Economics
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The decline in traditional banking internationally can be attributed to
A) increased regulation. B) improved information technology. C) increasing monopoly power of banks over depositors. D) increased protection from competition.
Economics
Credit card companies put a low "minimum required payment" on people's bills in the hope that people will send in low payments thereby allowing the card companies to earn more interest. The companies are trying to exploit the:
A. Framing effect B. Anchoring effect C. Confirmation bias D. Endowment effect
Economics