Carolina holds $2,000 in her savings account in case of a medical emergency. This represents a
A. Precautionary demand for money.
B. Transaction demand for money.
C. Medical savings account.
D. Income demand for money.
Answer: A
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If a monopolist is producing at a point at which marginal revenue is greater than marginal cost, it should decrease the level of production
a. True b. False Indicate whether the statement is true or false
In the United States in 2016, the percentage of people who received health insurance through a government program was about
A) 10%. B) 16%. C) 36%. D) 64%.
Price cap regulation is defined as regulation that
A) imposes a price ceiling on the regulated firm. B) encourages firms to exaggerate costs to increase profits. C) uses marginal cost pricing to ensure efficient output. D) uses average cost pricing to ensure costs are covered. E) is essentially the same as rate of return regulation.
Bonds may be issued by the U.S.
A. Congress. B. Immigration and Naturalization Agency. C. Treasury. D. Federal Reserve Bank.