Holding nonmonetary assets and converting them to money when necessary is justifiable so long as
A) nonmonetary assets pay an interest rate above that available on money.
B) nonmonetary assets pay an interest rate below that available on money.
C) money, and not nonmonetary assets, are generally used in transactions.
D) money and nonmonetary assets are both used as bartering items.
A
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Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2008 and 2011.
A) 23.1%
B) 23.8%
C) 30%
D) 42.9%
Refer to Table 17-2. The marginal profit from hiring the second unit of labor is
A) $4,200. B) $1,960. C) $1,800. D) $1,450.
Which statement is true?
A. Poverty has been a problem only since 1933. B. Poverty cannot be inherited. C. There are more poor Americans today than at any other time in our history. D. Poverty is less of a problem today than it was in the early 1960s.
According to the definitions of national saving and public saving, if Y, C, and G remained the same, an increase in taxes would
a. raise national saving and public saving. b. raise national saving and raise public saving. c. leave national saving and public saving unchanged. d. leave national saving unchanged and raise public saving.