A $20 price tag on a sweater in a department store is an example of money serving as a
A) medium of exchange. B) unit of accounting.
C) store of value. D) standard of deferred value.
B
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Only when budget deficits are financed by money creation does the increased government spending lead to ________ in the ________
A) a decrease; monetary base B) an increase; monetary base C) a decrease; money multiplier D) an increase; money multiplier
Last year, on advice from your sister, you bought stock in Burpsy Soda at $100/share. During the year, you collected a $2 dividend and then sold the stock for $120/share. You experienced a
A) dividend yield of 9%. B) dividend yield of 20%. C) dividend yield of 11%. D) total return of 20%. E) total return of 22%.
Which of the following statements is true concerning the trend in hospital care between in-patient and out-patient services since the mid-1980s?
a. Both have been declining. b. Out-patient services have been static while in-patient services have been declining. c. Out-patient services have increased substantially because admissions are down. d. Both have been growing. e. There has been no noticeable trend in either in-patient or outpatient services.
Consumer surplus arises in a market because
A. at the current market price, quantity demanded is greater than quantity supplied. B. the market price is higher than what some consumers are willing to pay for the product. C. the market price is below what some consumers are willing to pay for the product. D. at the current market price, quantity supplied is greater than quantity demanded.