Which of the following is a store of value?
a. Passbook savings deposit
b. Federal Reserve notes
c. Debit card
d. Each of the answers is a store of value.
d
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In 2008, commercial banks' share of the U.S. credit market changed as a result of
A) commercial banks that experienced significant difficulties resulting from real estate investments applied for status as investment banks. B) investment banks that experienced significant difficulties resulting from real estate investments applied for status as commercial banks. C) increasing returns on real estate investments led commercial banks to expand. D) increasing returns on real estate investments led investment banks to expand.
Most workers view leisure and income as:
A. goods and bads, respectively. B. bads and goods, respectively. C. bads. D. goods.
The price elasticity of demand for health care is such that an increase in the price of health care will:
A. decrease total health care expenditures. B. increase total health care expenditures. C. shift the demand for health care rightward. D. shift the demand for health care leftward.
The curve that indicates how many workers a firm will hire at different wages is the factor's
A. marginal product curve. B. supply curve. C. marginal cost curve. D. marginal revenue product curve.