Which of the following is not a component of the M1 money supply?
A. demand deposits
B. large-denomination (more than $100) bills
C. interest-earning checking deposits
D. outstanding balances on credit cards
Answer: D
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A property right _____
a. gives the owner the right to do whatever she pleases with the property b. applies to homes and cars, but not to other types of property c. does not free an individual from related obligations d. is limited by a person's ability to protect it from predators
A corrective tax equal to the external cost imposed on third parties levied on polluters will: a. eliminate all pollution
b. increase the level of pollution. c. force polluters to internalize the external cost resulting from their actions. d. usually have no impact whatsoever on pollution levels, but will generate tax revenue for the government.
If Argentina has an absolute advantage in the production of beef and Guatemala has an absolute advantage in the production of bananas, then
A. it is reasonable to expect that trade will benefit both countries, but specialization will not. B. neither country has anything to gain from specialization and trade. C. it is reasonable to expect that specialization and trade will benefit both countries. D. it is reasonable to expect that specialization will benefit both countries, but trade will not.
A physical book that sells new for $125 will rent for around
A. $75. B. $100. C. $62.50. D. $50.