The cost of holding money is
A. transactions accounts.
B. the opportunity cost.
C. capital controls.
D. the liquidity approach.
Answer: B
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Any restriction of international trade that is accomplished by a quota can also be accomplished by a tariff
a. True b. False Indicate whether the statement is true or false
The saying that "You cannot have your cake and eat it too" illustrates the economic concept of
A) a positive statement. B) a normative statement. C) physical capital. D) opportunity cost.
The fact that the behavior of one firm depends on the behavior of other firms is what differentiates oligopoly markets from the other three market structure types (perfect competition, monopoly, and monopolistic competition).
Answer the following statement true (T) or false (F)
Which of the following trade agreements includes the United States?
A. CAFTA B. NAFTA C. GATT D. All of these include the United States