Credit cards are included in
A) the M1 money supply.
B) the M2 money supply.
C) all of the above.
D) none of the above.
D
You might also like to view...
An employee in a department store often steals goods when other employees are not around. Because the store does not have a surveillance camera, the store manager is unable to monitor his activities. This behavior is an example of ________
A) adverse selection B) moral hazard C) internalization of externalities D) the paradox of thrift
Refer to Figure 5-9. Let's suppose the government imposes a tax of $50 per unit of toilet paper to bring about the efficient level of production. What happens to the market price of toilet paper?
A) It rises by more than $50 per unit. B) It rises by $50 per unit. C) It rises by less than $50 per unit. D) It remains the same because the tax is imposed on producers who create the externality.
Trade restrictions can prevent purchasing power parity from holding because:
A. the time and energy of importation paperwork can add to the cost of the good sold. B. tariffs can add to the cost of the good sold. C. they can add costs to the selling price because they add to the seller's cost. D. All of these statements are true.
Brendon is willing to pay $3,000 for a PlayStation. If the market price of the PlayStation is $2,000 . then: a. Brendon will not buy the PlayStation because the marginal utility derived from it is very low
b. Brendon will not buy the PlayStation because it is an illegal transaction. c. Brendon will buy the PlayStation because the price he is willing to pay is more than the market price. d. Brendon will buy the PlayStation because his total utility will increase.