Of the following resources used to supply sidewalk food in New York City, which is the most expensive?
a. capital
b. land
c. entrepreneurial ability
d. labor
e. food
B
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An asset is said to be riskless if:
A) it can be easily converted into cash. B) its value does not change from day to day. C) its value is more likely to fall in future. D) it offers a positive rate of interest.
To avoid a rule-of-reason violation, the manager of a designer handbag firm should not undertake which of these actions without first speaking to an attorney?
A) enter into an agreement with a distributor about the minimum price the distributor can resell the handbags B) enter into an agreement with another designer handbag firm to set the price of the handbags C) enter into an agreement with another designer handbag firm not to sell to a particular customer D) enter into an agreement with another designer handbag firm to only sell in certain areas of the world
The ratio at which a country can exchange domestic products for imported products is called the terms of trade.
Answer the following statement true (T) or false (F)
Action to reverse the effect of official intervention on the domestic money supply is called
A. sterilization. B. a crawling peg. C. the gold standard. D. a parallel market.