In most cases, higher interest rates cause the velocity of M1 to
A) turn negative.
B) move erratically.
C) increase.
D) decline.
C
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Which of the following is a major import for the United States?
A) corn B) soybeans C) coal D) fish E) none of the above
Suppose that you own a house. What is the opportunity cost of living in the house?
A) The opportunity cost is the rent you could have received from a tenant if you didn't live there.
B) There is no opportunity cost unless you could set up a business in the house.
C) There is no opportunity cost because you own the house.
D) The opportunity cost is the cost of your monthly mortgage payment plus bills.
Game theory tells how to win at games of chance.
Answer the following statement true (T) or false (F)
The key region of the brain for principal decision making is the:
A. insular cortex. B. amygdala. C. Nucleus Accumbens (NAcc). D. prefrontal cortex (PFC).