Jim has the following assets and liabilities:Credit Card balance$2,000Cash$500Government bonds$2,000Checking$750Car loan balance$5,000Car$15,000What is Jim's money demand?
A. $500
B. $1,250
C. $750
D. $3,250
Answer: B
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Refer to Table 9-11. Which country has an absolute advantage in producing hats?
A) Belize B) Denmark C) both countries D) neither country
Possible sources of an upward bias in the CPI include the
a. quantity adjustment bias. b. substitution bias. c. new products bias. d. Both b and c e. All of the above
The manager of Happy Chickens, an organic egg producer, should avoid all of the following topics except which one when speaking to managers of Best Eggs, a competitor firm?
A) Happy Chickens' intent to bid on a large government contract to supply eggs to public schools B) forthcoming changes in Happy Chickens' pricing policies C) Happy Chickens' planned production amounts D) a recent medical report documenting the health benefits from eggs
The accompanying figure shows Becky's daily production possibilities curve for dresses and skirts.
Point U is:
A. efficient. B. attainable. C. inefficient. D. unattainable.