In measuring the stock of money in the U.S., M1 includes
a. traveler's checks.
b. savings deposits.
c. credit cards
d. none of the above.
a
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If a central bank does not want to see its currency rise in value, it may pursue ________ monetary policy to ________ the domestic interest rate, thereby weakening its currency
A) expansionary; raise B) contractionary; raise C) expansionary; lower D) contractionary; lower
The law of diminishing returns begins first to affect a firm's short-run cost structure when
A) average variable cost begins to increase. B) marginal cost begins to increase. C) average cost begins to increase. D) average fixed cost begins to decrease.
Suppose a firm's current total cost of production is $50,000 per week, the wage rate is $1,000 per week and the cost of capital is $2,500. Which of the following gives the general equation for the firm's isocost lines for total cost C?
A. C = 20 - 0.5L B. C = 2,500K - 0.5L C. K = (C/2,500) - (C/1,000) D. K = (C/2,500) - 0.4L
About half of black and Hispanic children in female-headed households live in poverty
a. True b. False Indicate whether the statement is true or false