The ability of a financial asset to be used to immediately make transactions is called:
A) store of value.
B) medium of exchange.
C) illiquidity.
D) liquidity.
D
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A commercial bank's main goal is to
A) provide loans to its customers. B) maximize the wealth of its stockholders. C) lend money to the Federal Reserve Banks. D) open checking accounts. E) help the government when it needs money.
"Perfectly competitive firms have total control over the price they set for their product." Explain why the previous statement is correct or incorrect
What will be an ideal response?
If GDP increases in the model of public goods
A) people are richer, so they need less public goods. B) there is substitution from private goods to public goods. C) if the government provides public goods optimally, public and private goods production both increase. D) all of the increase in GDP goes into public goods.
The demand curve is given by:
QD = 5000 - 10 P Find equations for: a. Total revenue b. Marginal revenue