In the demand and supply analysis of ___________ markets, the “price” is the rate of return or the interest rate received.
a. financial
b. retail
c. industrial
d. agricultural
a. financial
In the demand and supply analysis of financial markets, the “price” is the rate of return or the interest rate received.
Economics
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What is consumer surplus? How is it measured?
What will be an ideal response?
Economics
A person who wins a large sum of money in the state lottery is likely to
a. increase the amount of market work offered at each wage rate b. not change the amount of work offered at each wage rate c. decrease the amount of work offered at each wage rate d. substitute market work for leisure time due to the substitution effect e. substitute market work for leisure time due to the income effect
Economics