Which of the following is both a financial institution and a financial intermediary?

With a temporary income tax surcharge, according to the ________, household consumption should ________

A) PIH; fall as disposable income falls B) PIH; rise since the decrease is disposable income is temporary C) LCH; fall since disposable income over the lifecycle falls D) None of the above is correct since a temporary change affects neither permanent income or relative lifecycle earnings.

Which of the following properties is seen in a buy-sell transaction arranged by a pipeline?

a. Pipelines offer to resell gas to consumers even at a loss. b. Gas producers offer to sell gas to the pipelines at a discounted prices. c. Gas producers ration the amounts they supply to the pipelines. d. Pipelines evade the legal ceiling on their transportation charge by bundling the gas with transportation service.