Identify which of the following is not one of the five core principles of money and banking.
A. Stability creates risk
B. Risk requires compensation
C. Information is the basis for decisions
D. Time has value
Answer: A
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In 2015, the price of peanuts was rising, which lead peanut butter buyers to expect the price of peanut butter would rise in the future
Consequently, in the current market for peanut butter there was ________ which resulted in ________ in the price of peanut butter and ________ in the quantity of peanut butter. A) an increase in demand for peanut butter; an increase; an increase B) an increase in supply of peanut butter; a decrease; an increase C) a decrease in demand for peanut butter; a decrease; a decrease D) a decrease in supply of peanut butter; an increase; a decrease
Two economists from Northwestern University estimated the benefit households received from subscribing to broadband Internet service
They found that in the year they analyzed, 47 million consumers paid an average of $36 per month to subscribe to a broadband Internet service, and estimated the value of total consumer surplus for these subscribers was equal to $890.4 million. Based on these numbers, what was the average monthly consumer surplus per subscriber for broadband Internet service? A) $0.05 B) $0.77 C) $13.06 D) $18.94
Surpluses will help future generations more than deficits will hurt future generations due to inflation and taxes.
A. True B. False C. Uncertain
A temporary decrease in the price of oil would be considered a:
A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.