Suppose that you find out from an L.L. Bean catalogue that a sweater costs $30.00. In this case, money is serving as a
A) medium of exchange.
B) unit of account.
C) store of value.
D) double coincidence of want.
B
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Under pure competition, the market price of an output is $3. The output schedule of a firm using input X is listed in the table below. If the price of input X is $12, how many units of input X will the firm employ to maximize profits?Units of XMarginal Product110.029.938.847.756.665.574.483.392.2
A. 5 B. 7 C. 4 D. 9
In the product market
A) businesses trade goods and services for resources. B) consumers trade monetary payments for goods and services. C) consumers trade goods and services for resources. D) consumers trade resources for goods and services.
If reserves in the banking system increase by $100, then checkable deposits will increase by $667 in the simple model of deposit creation when the required reserve ratio is
A) 0.01. B) 0.05. C) 0.15. D) 0.20.
"Marriage bars":
a. encouraged married women to participate in the labor force. b. became more widespread in the 1920s c. forced female employees to leave work when they married. d. Both a and b are correct. e. Both b and c are correct.