Money supply M1 does not include the currency held by:
A. Households in their wallets or purses
B. Business firms
C. Commercial banks
D. State and local governments
C. Commercial banks
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Exhibit 8-6 Consumption function
?
In Exhibit 8-6, the level of autonomous consumption is:
A. $100. B. $150. C. $50. D. $0.
Approximately ____ percent of U.S. adults who use the Internet are active on Facebook.
A. 60 B. 70 C. 80 D. 50 E. 40
Interindustry trade is not based on comparative advantage since it consists of the export and import of similar goods
Indicate whether the statement is true or false
Factors of production are the
A) goods and services produced by the economy. B) productive resources used to produce goods and services. C) goods that are bought by individuals and used to provide personal enjoyment. D) goods that are bought by businesses to produce productive resources. E) productive resources used by government to increase the productivity of consumption.