If total production is greater than total expenditures, then business firms
A) have underproduced.
B) will step up production.
C) will lower production.
D) will experience decreases in inventory.
E) a and b
C
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"Coffee Prices Sink As Demand Falls." The newspaper heading
A) assumes the law of demand does not hold. B) confuses demand with quantity demanded. C) misunderstands the role of supply in price formation. D) reverses the actual relationship between price and demand. E) uses the concept of demand correctly.
Which of the following is NOT a generally accepted measure of the riskiness of an investment?
A) Standard deviation B) Expected value C) Variance D) none of the above
Which of the following will limit the money creation process to an amount less than the potential amount?
What will be an ideal response?
Savings and loans primarily provide:
A. unsecured credit card loans. B. home mortgages. C. large commercial loans. D. student loans.