The narrow definition of money (MI) in the Irish economy is:
(a) Coins, notes and current accounts.
(b) Coins, notes, deposit accounts and current accounts.
(c) Coins, notes and all deposit accounts.
(d) Notes and coins issued by the Irish Central Bank.
Answer: (a) Coins, notes and current accounts.
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The figure above shows Diane's demand curve for soda. The price of a soda is $1.00. Diane's consumer surplus from her 10th soda is
A) $0.00. B) $0.50. C) $1.00. D) $1.50. E) $2.50.
What is the principal difference between a U-form and an M-form organization?
Compared with the U.S., developing countries
a. face geographic conditions that limit productivity. b. have universal health care that prevent the spread of diseases. c. more political stability. d. higher levels of educational attainment.
Explain what will happen to the equilibrium price and quantity of satellite TV service if the wages of the workers who provide the satellite TV service increase while at the same time the price of cable television service (a substitute for satellite TV service) also increases.
What will be an ideal response?