Stocks change ________ whereas flows relate to ________.
A. within a given period of time; changes between points in time
B. and that causes flows to change; changes that have no impact on stocks
C. only at the end of each year; amounts at a given point in time
D. between points in time; changes within a given time period
Answer: D
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Which of the following is true of the money multiplier? a. The higher the value of the required reserve ratio, the higher the value of the money multiplier. b. The higher the value of the required reserve ratio, the lower the value of the money multiplier. c. The higher the value of deposits in banks, the lower the value of the money multiplier
d. The higher the value of deposits in banks, the higher the value of the money multiplier.
Which statement is true?
A. Entrepreneurial ability is in short supply in the U.S. B. Land, labor and capital may be considered passive resources. C. The concept of opportunity cost is irrelevant when there is scarcity. D. None of these statements are true.
Capital, as economists use the term, refers to
A. The cash needed to start a new business. B. The costs of operating a business. C. Final goods that are used to produce other goods and services. D. Shares of stock issued by businesses.
Anything that can be used as a unit of measure, such as a coffee cup