Checkable deposits are:
a. included in both M1 and M2
b. included in M1 but not M2.
c. included in M2 but not M1.
d. not included in either M1 or M2.
a
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Proprietary income refers to
A. revenue flowing to the government from taxes. B. revenue generated by government-run businesses. C. transfer payments from the government to the owners of property resources. D. money borrowed by the government to finance its operations.
A new discovery of large volumes of previously unknown deposits of natural gas in Pennsylvania would
A) shift only the short-run aggregate supply curve to the right. B) shift only the long-run aggregate supply curve to the right. C) not affect either the short-run or long-run aggregate supply curves. D) shift the short-run and long-run aggregate supply curves to the right.
In the example of the Nike running shoe, we see that
A) selling costs account for over half of a shoe's retail price. B) materials actually account for two-thirds of the retail price of the shoes. C) taxes account for one-quarter of the retail price of the shoes. D) production costs exceed selling costs by a wide margin. E) raw materials costs are by far the largest component of the total costs of producing the shoes.
Refer to the table above. For trade to occur along the lines of comparative advantage, wages in A relative to wages in B (measured in the same currency)
A) must be at least twice but less than 3 times as great. B) must be less than three times as small. C) must be greater than $2 but less than $3. D) Need more information to answer.