In the 1970s, U.S. consumers transferred their deposits from ...

[SO00]

In the 1970s, U.S. consumers transferred their deposits from accounts in banks and thrifts to money market mutual funds because money market mutual funds:
 a. were more liquid.
 b. were less risky.
 c. paid higher interest rates.
 d. were guaranteed for a larger amount.
 e. were more liquid and paid higher interest rates.

Question 2

A breakthrough in technology is most likely to:
 a. reduce the labor needed to produce a given amount of output.
  b. decrease the demand for all goods and services in a country.
  c. increase the cost of production for a firm.
 d. reduce the availability of skilled workers.
 e. lower the standard of living in a country in the long run.

[Liddy]

Answer to Question 1

c

Answer to Question 2

a