The main reason people hold money is that
A) money is intrinsically valuable. B) money is used to buy goods and services.
C) money is power. D) money provides a standard of value.
B
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Net exports are negative when
A. imports exceed exports. B. depreciation exceeds exports. C. exports exceed imports. D. net exports exceed imports.
Which of the following is a factor influencing the demand for money?
A) transactions demand B) precautionary demand C) asset demand D) All of the above are correct.
If total cost increases as output increases, then: a. marginal cost must be equal to zero. b. marginal cost must be positive
c. marginal cost must be negative. d. marginal cost must be increasing.
All of the following, except one, are sources of product differentiation. Which is the exception?
a. product quality b. location c. price d. consumer tastes e. buyers' perceptions