Why do individuals hold money when it does not provide the services that, say, a house does?
A) Money is the most liquid asset.
B) Money is the only form in which wealth may be held.
C) Money increases in value faster than other assets.
D) Money is useful in avoiding taxes on certain transactions.
A
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How does a decline in the real interest rate cause an increase in investment?
What will be an ideal response?
A firm that exits its market has to pay
a. its variable costs but not its fixed costs. b. its fixed costs but not its variable costs. c. both its variable costs and its fixed costs. d. neither its variable costs nor its fixed costs.
As the number of firms in an oligopoly industry decreases, the market moves closer to a __________ market
Fill in the blank(s) with correct word
In a competitive market characterized by increasing costs, the
A. long-run industry supply curve gives the long-run marginal cost of production at various levels of industry output. B. long-run industry supply curve is upward sloping. C. long-run industry supply curve gives the minimum long-run average cost of production at various levels of industry output. D. both a and b E. all of the above