Electricity pricing that varies in its billing expense throughout the day is called
a. marginal cost pricing
b. variable pricing
c. full cost pricing pricing
d. marginal pricing
e. dynamic pricing
b
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If something is a store of value, then a necessary condition is that it must
a. serve as a yardstick for measuring the value of other goods b. have a means of holding its value for future use c. be convertible into gold d. be a precious metal, such as gold or paper money e. be accepted as payment for any purchase
Of all the virtual currency systems, VCS4 is poses the __________ risk to nations in which is it used because ___________________________
a. Highest; it is becoming more accepted and can be spent in the real world. b. Highest; when converted into legal tender, it has the potential to increase a nation's M2 money supply. c. Lowest; when converted into legal tender, it has only a small potential to increase a nation's M2 money supply. d. Lowest; it does not have the potential to raise a nation's price level or threaten its payment system.
Refer to the graph shown. The least likely cause of the shift from D1 to D2 is:
A. expansionary fiscal policy. B. an increase in U.S. interest rates. C. contractionary monetary policy. D. an increase in the U.S. inflation rate.
Assume the total product of two workers is 130 and the total product of three workers is 150. The average product of three workers is ________, and the marginal product of the third worker is ________.
A. 13.33; 6.67 B. 120; 100 C. 50; 20 D. 40; 10