M2 does not include
A) Treasury bonds.
B) passbook savings accounts.
C) small-denomination time deposits.
D) M1.
A
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Ski resorts have begun to offer activities in the summer, like music festivals and mountain biking, rather than closing down the facilities for the season. This a good decision for a ski resort when
A. the extra revenue exceeds the variable costs of staying open during the summer. B. such activities draw an upscale set of customers. C. these activities reduce fixed costs. D. it provides employment for local residents.
Equating society's marginal benefits with marginal costs will ensure that the economically efficient level of either private or public goods is attained
Indicate whether the statement is true or false
The recent experience in Greece, Portugal, and Ireland make the euro
a. seem very unlikely to fail because of decreasing debt levels. b. seem very unlikely to fail because of increasing interest rates. c. seem somewhat likely to fail because of increasing debt levels. d. seem somewhat likely to fail because of increasing interest rates.
Obstacles that restrict trade, either domestic or international, will
a. reduce output, income, and the general living standard of the populace. b. help people achieve higher income levels. c. help promote high rates of economic growth. d. encourage domestic business firms to expand output so they can achieve larger gains from the adoption of mass production techniques.