Money is not considered to be an economic resource because:
A. As such it is not productive
B. Money is not a free gift of nature
C. Money is made by man
D. Idle money balances do not earn interest income
Answer: A
You might also like to view...
Macroeconomics is the study of individual economic markets
Indicate whether the statement is true or false
Ski resorts have begun to offer activities in the summer, like music festivals and mountain biking, rather than closing down the facilities for the season. This a good decision for a ski resort when
A. the extra revenue exceeds the variable costs of staying open during the summer. B. such activities draw an upscale set of customers. C. these activities reduce fixed costs. D. it provides employment for local residents.
Which of the following is not a component of the M1 money supply?
a. Demand deposits. b. Large-denomination (more than $100) bills. c. Interest-earning checking deposits. d. Outstanding balances on credit cards.
Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes. src="https://sciemce.com/media/4/ppg__1420829190927__f1q534g1.jpg" alt="" style="vertical-align: 0.0px;" height="94" width="384" /> If one store is located at A and the other store is located at C:
A. 100 people will shop at the store at A, and 200 people will shop at the store at C.
B. 100 people will certainly shop at each store, but where the other 100 will shop is indeterminant.
C. 150 people will shop at each store.
D. 200 people will shop at the store at A, and 100 people will shop at the store at C.