The transactions approach to measuring money includes
A. the value of shares of stock in commercial banks.
B. traveler's checks.
C. government bonds.
D. all of these.
Answer: B
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A major problem with using a tradable emission allowances system to control pollution is
A) that it grants firms a license to pollute. B) the difficulty in determining the emissions target. C) that it does not eliminate pollution completely. D) it discourages firms from implementing cost-effective pollution control technology.
For the monopolistically competitive firm, the demand curve it faces will be flatter:
A. the less complementary the good is. B. the more complementary the good is. C. the less differentiated the good is. D. the more differentiated the good is.
An appreciation of the Norwegian kroner in relation to the U.S. dollar is most likely to cause:
a. an increase in the U.S. demand for Norwegian goods. b. an increase in the Norwegian demand for U.S. goods. c. an increase in the supply of U.S. goods to Norway. d. a decrease in the supply of Norwegian goods to the United States. e. no change in the demand or supply of goods for either country.
Obi-Wan is considering whether to buy a lightsaber. With probability 0.50 he will value the lightsaber at $4,000, and with probability 0.50 he will value it at $1,000. If Obi-Wan is risk averse, then he will be willing to pay ________ for a new lightsaber.
A. less than $2,500 B. less than $4,000 C. more than $2,500 D. more than $4,000