The opportunity cost of a college education includes wages lost while enrolled in school
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Scenario 11.1. How much would Mariana expect to pay each landowner for his or her land?
A) $200,000 B) $400,000 C) $600,000 D) $3 million
The attribute that distinguishes money from other assets is that only money
A) retains its value during times of inflation. B) is counted in determining the size of an individual's wealth. C) serves as a medium of exchange. D) may be used as collateral for a bank loan.
Which monetary policy would most likely increase aggregate demand?
a. Increasing the discount rate b. Increasing margin requirements on stock purchases c. Increasing reserve requirements at commercial banks and thrift institutions d. Purchasing government securities in the open market
Which of the following is NOT a function of money?
A. store of value B. medium of exchange C. standard of deferred payment D. form of credit