As the opportunity cost of holding money decreases, the quantity demanded of money
A) increases.
B) decreases.
C) remains unchanged.
D) increases, then decreases.
E) decreases, then increases.
A
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Refer to the table above. What is the total cost incurred per month if Ryan rents Apartment 3?
A) $2,000 B) $2,050 C) $2,150 D) $2,270
Monopolists
A) maximize revenue, not profits. B) have no short-run fixed costs. C) face downward sloping demand curves. D) are price takers.
If the government provides free schooling for all students, an economist would say education is
a. a free good, having no cost. b. scarce even though its cost is paid by taxpayers rather than by students. c. an example of a good that is no longer scarce. d. all of the above.
Characteristics of the Swiss health care system include:
a. a nationalized hospital system where most clinicians are government employees. b. long waiting lists for all elective surgeries. c. individual insurance policies with age-related premiums issued at birth. d. the ability to "opt out" of the government-run health insurance system and seek private coverage. e. government-run insurance coverage financed via payroll taxes.