Television would have been considered a "new good" type of innovation because
A. consumers already regularly listened to the radio for entertainment.
B. it gave companies a new source of advertising revenues.
C. it enhanced the quality of life for most people in the economy.
D. it had no equivalent in the past.
Answer: D
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The ________ a corporation keeps to finance future expansion are known as retained earnings
A) dividends B) stock C) bonds D) profits
Refer to Table 25-1. Suppose a transaction changes a bank's balance sheet as indicated in the T-account, and the required reserve ratio is 10 percent. As a result of the transaction, the bank has excess reserves of
A) $0. B) $400. C) $3,600. D) $4,000. Table 25-2 Assets Liabilities Reserves +$8,000 Deposits + $8,000
The opportunity cost of an action is equal to: a. only the monetary payment the action required
b. the total time spent by all parties in carrying out the action. c. the highest valued opportunity that must be sacrificed in order to take the action. d. the value of all of the alternative actions that could have been taken.
If the interest rate is 6 percent, to get back $300 in two years you would need to deposit ________ today.
A. $267.00. B. $275.22. C. $283.02. D. $291.26.