Which of the following is an example of a temporary price differential in a resource market?
a. land downtown is more expensive than land in the suburbs
b. a superstar professional basketball player is paid more than the average professional player
c. cable television installers have a higher wage than telephone installers
d. an airline pilot is paid more than a flight attendant
e. a worker in a toxic waste plant earns more than a teacher
C
Economics
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The presence of excess reserves does not change how much money the banking system actually creates
Indicate whether the statement is true or false
Economics
By the 2000s, an important change in the mortgage market had occurred when ________ became significant participants in the secondary market for mortgages
A) investment banks B) Federal Reserve Banks C) commercial banks D) savings banks
Economics