Your checking account balance would be counted in which measure of money?
A. M1
B. M2
C. Hard money
D. It would be counted in both M1 and M2
D. It would be counted in both M1 and M2
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Refer to Table 1-3. What is Ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
A) $10 B) $20 C) $30 D) $91.67
Suppose the market for oranges is perfectly competitive and unregulated. Suppose also that the chemicals used to keep the oranges insect-free damage the environment by an estimated $1 per bushel of oranges. Suppose QD = 1000 - 100P and QS = -100 + 100P. The market equilibrium quantity is
a. 400 b. 450 c. 500 d. 550
If Cassie's Coffee House purchases 33 cents worth of ingredients and spends 36 cents on wages per cup of coffee to produce an 89 cent cup of coffee, then Cassie's Coffee House's contribution to GDP is ________ per cup of coffee.
A. 20 cents B. 33 cents C. 36 cents D. 56 cents
Capitalism and socialism have not existed forever. Capitalism came into existence in the:
A. mid-1700s and socialism came into existence in the early 1900s. B. mid-1800s and socialism came into existence in the early 1900s. C. early 1900s and socialism came into existence in the mid-1800s. D. early 1900s and socialism came into existence in the mid-1700s.