The measure of money supply that includes the fewest types of assets:

a. is M4.
b. is M2.
c. is M3.
d. is M1.
e. is M0.


d

Economics

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Assume a firm lowers price below marginal cost to deter entry

A) This strategy is not credible. B) This strategy is credible. C) This strategy is illegal. D) This strategy is immoral.

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Which of the following is NOT a necessary condition for oligopoly?

A) barriers to entry B) strategic dependence of firms C) differentiated products D) either a small number of firms or market dominance by a small number of firms

Economics

The circular flow diagram divides the economy into:

a. Winners and losers. b. Real sector and nominal sector. c. Domestic sector and foreign sector. d. Agricultural sector and non-agricultural sector. e. Producer sector and consumer sector.

Economics

________ is an attempt to ensure that more union labor is hired than producers would prefer. For example, a musician's union may require more musicians be employed in a Broadway musical than is required

a. Filibustering b. A lockout c. Binding arbitration d. Featherbedding

Economics