Velocity is determined by:
A. the size of the government budget deficit.
B. the Federal Reserve.
C. payments methods and technology.
D. average labor productivity times the population growth rate.
Answer: C
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Voluntary exchange requires that there must be mutual gain.
Answer the following statement true (T) or false (F)
Which of the following would cause an unambiguous decrease in the real price of DVD players?
A) A shift to the right in the supply curve for DVD players and a shift to the right in the demand curve for DVD players. B) A shift to the right in the supply curve for DVD players and a shift to the left in the demand curve for DVD players. C) A shift to the left in the supply curve for DVD players and a shift to the right in the demand curve for DVD players. D) A shift to the left in the supply curve for DVD players and a shift to the left in the demand curve for DVD players.
Explain the infant industry argument
What will be an ideal response?
Vertical contracts between manufacturers and retailers often aim to
a. Serve as a "signal" of the manufacturer's belief of the likely success of his product b. Reward the retailer for undertaking the risk inherent in introducing a new product c. Reimburse the retailer for the cost of managing an extended inventory d. All of the above