Bankers must always trade off
A. honesty and dishonesty.
B. stocks and loans.
C. prudence and profits.
D. gold and cash.
E. All of these responses are correct.
Answer: C
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A voting procedure in which the winner must defeat each of the other alternatives in head-to-head contests is known as the
A) Borda-count method. B) Condorcet method. C) instant runoff method. D) plurality-rule method
If consumers believe the price of hybrid vehicles will decrease in the future, this will cause the demand for hybrid vehicles to decrease now
Indicate whether the statement is true or false
Widespread use of credit cards
a. will increase the M1 money supply figures. b. will increase the M2 money supply figures but not those for M1. c. tends to reduce the average quantity of money that people will choose to hold. d. tends to increase the average quantity of money that people will choose to hold.
Suppose that there is an improvement in a country's terms of trade between 2010 and 2011. This improvement means that:
a. it can purchase more imports in 2011, with the same volume of exports as in 2010. b. it can purchase more exports in 2011, with the same volume of exports as in 2010. c. it needs to increase its exports in order to purchase the same volume of imports as in 2011. d. regarding its international trade, it is worse off in 2011 than it was in 2010.