Which of the following forms of money is the least liquid?
A. dollars
B. checking account deposits
C. passbook savings
D. certificates of deposit
Answer: D
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A duopoly occurs when ________
A) there are only two producers of a particular good competing in the same market B) there are two producers of two goods competing in an oligopoly market C) there are numerous producers of two goods competing in a competitive market D) the one producer of two goods sells the goods in a monopoly market
In which countries are incomes distributed most unequally and least unequally?
What will be an ideal response?
Joey cuts grass during the summer. He rents a lawn mower from his dad. Which of the following statements best illustrates the difference between the short run and the long run for Joey?
A) Joey's friends say they will help him, but when he calls them, they say they have other things to do. B) When Joey acquires more customers, he responds by working more hours. Next year, he will buy a lawn mower and split the work with his brother. C) Some customers pay Joey immediately; others wait till the following week. D) Joey has had to turn away some customers because he is already too busy.
Other things the same, the aggregate quantity of goods demanded in the U.S. increases if
a. real wealth rises. b. the interest rate rises. c. the dollar appreciates. d. All of the above are correct.