Keynes's liquidity preference theory indicates that the demand for money is ________ related to ________
A) negatively; interest rates
B) positively; interest rates
C) negatively; income
D) negatively; wealth
A
Economics
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A legal arrangement characterized by preferential treatment of export industries is
a. export orientation b. export processing zone c. customs union d. effective protection e. none of the above
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Adverse selection in insurance implies that
a. all people face the same risk b. potential customers facing more risk are no more interested in purchasing insurance c. people are not risk averse d. insurers cannot tell the risk levels that different individuals face
Economics