According to economists, "money" means the same thing as "wealth"
a. True
b. False
Indicate whether the statement is true or false
False
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List three reasons why demand for a product will often increase if the product is endorsed by a celebrity
What will be an ideal response?
A restrictive monetary policy, all else equal, will:
A) depreciate the domestic currency. B) appreciate the domestic currency. C) all of the above. D) none of the above.
Firms that exhibit price-taking behavior
A) wait for other firms to set price, take it as given, and charge a higher price. B) have outputs that are too small to influence market price and thus take it as given. C) take pricing behavior in their own hands. D) are independently capable of setting price.
A dividend is the net income stockholders receive from the corporation
Indicate whether the statement is true or false