The cost of holding money is
A) transactions accounts.
B) the opportunity cost.
C) the liquidity approach.
D) capital controls.
B
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The production function graphs the relationship between
A) nominal GDP and real GDP. B) real GDP and the quantity of labor employed. C) real GDP and capital. D) nominal GDP and the quantity of labor employed. E) real GDP and the supply of labor.
If the demand for a product increases and the supply of the same product increases, the equilibrium price will increase
Indicate whether the statement is true or false
Alfonse is a farmer who grows 20,000 bushels of corn each year. Last year, the market price was $3 per bushel. If Alfonse earned $80,000 . the government's target price per bushel must have been
a. $60,000 b. $20,000 c. $4,000 d. $4 e. $1
If the firm produces at Q3, the firm:
A. will receive less profits that if it produces at Q2. B. maximizes profits. C. Minimizes costs. D. will receive less profits than if it produces at Q4.