A cost imposed on people other than the consumers of a good or service is a:
a. price floor.
b. negative externality.
c. price ceiling.
d. positive externality.
b
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Which of the following does not contribute to increased worker productivity?
a. technological advances b. increased capital formation c. improvements in workers' skills d. increased labor supply
Finding the occupation or business activity in which you are relatively more productive helps you earn more money than otherwise would be the case. This reflects the
A) principle of compound interest. B) law of diversification. C) law of large numbers. D) law of comparative advantage.
Joan has the following assets and liabilities:Credit card balance$1,000Cash$200Government bonds$3,000Stock$4,000Checking$1,500Car loan balance$10,000Car$15,000 Which of the following actions would decrease Joan's money demand by $200?
A. Joan writes a $200 check for cash and holds the cash. B. Joan gets a $200 cash advance on her credit card and puts the proceeds in her checking account. C. Joan sells $200 worth of stocks and puts the proceeds in her checking account. D. Joan writes a check for $200 to purchase additional shares of stock.
As an example of hyperinflation, one U.S. dollar was equal to _________ German marks in 1923, compared to 8.9 marks in 1919.
A. 1 trillion B. 1,000 C. 0.001 D. 1