In the 1980s, a new category entitled ________ was added to M1

A) money market mutual fund deposits B) other checkable deposits
C) demand deposits D) traveler's checks


B

Economics

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The marginal product of labor equals the change in ________ from a one-unit increase in the quantity of labor

A) total product B) average product C) total cost D) the slope of the average product curve E) the wage rate

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An efficient financial system

A) must disseminate information to lenders about the quality of financial claims issued. B) provides minimal information about financial markets. C) provides perfect information regarding investment opportunities to savers. D) does not provide any information to borrowers.

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The minor league system in professional baseball can be thought of as a

A) screening tool. B) signaling tool. C) form of statistical discrimination. D) being used for the wrong reasons.

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