As income rises ________
A) the number of transactions households and firms undertake should increase
B) wealth also rises
C) demand for real money balances should increase
D) all of the above
E) none of the above
D
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Which of the following is not one of the four anti-competitive activities outlined in the Clayton Act?
a. Price discrimination. b. Exclusive buyer/seller contracts. c. Buying a competitor's voting stock. d. Buying a competitor's plants and equipment. e. Interlocking boards of directors.
Which one of the following would create a demand for a foreign currency and supply of dollars in the foreign exchange market?
a. the spending of French tourists in the United States b. the purchase of Japanese automobiles by American consumers c. the sale of U.S. computer equipment to a French buyer d. the purchase of a U.S. shoe factory by a Mexican investor
The difference between a three-digit North American Industry Classification System (NAICS) industry and a six-digit NAICS industry is that:
A. the three-digit industry is more specifically defined than the six-digit code. B. three-digit codes apply to a different set of industries than six-digit codes. C. three-digit codes are used to classify industries whereas six-digit codes are used to classify firms. D. the six-digit industry is more specifically defined than the three-digit code.
Which of the following best defines what the long run for a business is?
A. more than one year B. the time to make necessary business decisions C. the period of time during which at least one input is fixed D. the period of time during which all inputs are variable