Logan finds $10 in his jacket pocket and deposits it into a bank. As a result of this single transaction, M1 has
A) increased by more than $10. B) increased by $10.
C) not changed. D) increased by less than $10.
C
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Why is real GDP a more accurate measure of the level of production in an economy than nominal GDP? Explain with an example
What will be an ideal response?
Projects with a positive NPV create
a. economic profits since they earn a return higher than the company's cost of capital b. economic profits since they earn a return lower than the company's cost of capital c. accounting profits only since they earn a return higher than the company's cost of capital d. accounting profits only since they earn a return lower than the company's cost of capital
At equilibrium in a monopoly, economic profits will most likely be
A. Greater than zero. B. Negative. C. Zero. D. Normal.
Resources are all of the following except:
A. unlimited and in abundance. B. the things we use to produce goods and services. C. limited in quantity and can be used in different ways. D. scarce and therefore require choices to be made.