Are checkable deposits really money?
A) No, because they are only commercial bank liabilities, not government liabilities.
B) No, because they are ultimately only entries in the balance sheets of commercial banks.
C) Yes, because they can be converted on demand into currency or coin.
D) Yes, because they can be used to make purchases and pay debts.
D
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P-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. 
P-TV will air a sitcom:
A. never. B. only if QRS-TV is airing a reality show. C. no matter what QRS-TV does. D. only if QRS-TV is also airing a sitcom.
Assume that Figure 4-16 shows the supply of soda. An increase in the price of syrup used in the production of soda will shift supply from
A. S1to S2. B. S2to S1. C. S2to S3. D. S1to S3.
The demand curve faced by the monopolist
A) has a constant price elasticity. B) is the industry demand curve. C) is identical to the firm's MR curve. D) is identical to the firm's TR curve.
For an efficient outcome, MR must exceed MC.
Answer the following statement true (T) or false (F)