A method of measuring the money supply by looking at money as a medium of exchange is the
A. liquidity approach.
B. transactions approach.
C. fiduciary monetary system.
D. capital control.
Answer: B
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Starbucks is considering opening a new store on the Drexel University Campus in Philadelphia
To analyze this decision Starbucks must compare the costs of starting the new store, which will be incurred today, with the profit the store will create in the future. When making this decision, the higher is the interest rate, the ________ is the discounted present value of the profits and the ________ likely Starbucks will be to open the store. A) higher; more B) higher; less C) lower; more D) lower; less
Why do investors hedge using futures contracts?
A) they are seeking to increase liquidity B) they are willing to pay for a reduction in risk C) in order to provide a counterparty to speculators D) they are more flexible than forward contracts
Monopolistic competition is characterized by: a. one firm selling several products
b. many firms selling the same product. c. many firms selling slightly different products. d. one firm selling one product.
If we include cash benefits and in-kind benefits available to low-income people, the share of the U.S. population in poverty
A) drops dramatically. B) increases somewhat. C) increases dramatically. D) does not change.