Refer to Table 12.1. The expected real rate of interest for Australia is
A) -1.4%.
B) 1.4%.
C) 6.9%.
D) It cannot be determined from the information provided.
B
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Which of the following is a cost of providing federal deposit insurance?
a. Banks have more incentive to monitor loans with the result that their profits have declined and many have failed. b. There are no significant costs to the insurance, only benefits. c. Banks have less incentive to act responsibly with the result that they have made riskier loans and some have failed. d. The insurance makes it more difficult to regulate banks. e. The insurance makes it more difficult for the fed to run open market operations.
"Essential" water is cheaper than "nonessential" diamonds because:
A. new industrial uses for diamonds have been discovered. B. the supply of water is great relative to demand and the supply of diamonds is small relative to demand. C. although the total utility of diamonds is greater, their marginal utility is small. D. the supply of diamonds is great relative to demand and the supply of water is small relative to demand.