The largest single component of M2 is
A) currency held by the public. B) money market mutual funds.
C) demand deposits. D) savings deposits.
D
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Corn is used to produce tortillas. If the price of corn increases:
A. the demand for tortillas increases. B. the demand for tortillas decreases. C. the supply of tortillas increases. D. the supply of tortillas decreases.
If factor markets are competitive, a profit maximizing firm should buy inputs where MRP is
A. inelastic. B. elastic. C. equal to the output price. D. equal to the input price.
Countervailing duties are used to offset any advantages that foreign exporters might gain over domestic producers because of foreign:
a. tariffs. b. subsidies. c. infant industry protection. d. quotas.
The newly industrialized Asian economies have developed by adopting the latest technology and investing in _____.?
Fill in the blank(s) with the appropriate word(s).