Which measure of money would we most likely use if we were interested in looking at spending in the economy?
A. M2
B. M1
C. Hard money
D. Reserves.
Answer: B
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Nike faces a more__________ demand for its products than a shoe polish producer
a. inelastic b. elastic c. perfectly elastic d. perfectly inelastic
Figure 1A.2Refer to Figure 1A.2. If this consumer rents zero DVDs, how many movie tickets will she purchase?
A. 0 B. 5 C. 10 D. 15
For which of the following goods and services are prices most sticky?
A. Taxi fares. B. Beer. C. Coin-operated laundry machines. D. Airline tickets.
Suppose that the U.S. can make 15 cars or 20 bottles of wine with one year's worth of labor. France can make 10 cars or 18 bottles of wine with one year's worth of labor. From these numbers, we can conclude
a. the U.S. has a comparative advantage in the production of cars. b. France has a comparative advantage in the production of wine. c. the U.S. has a absolute advantage in the production of wine. d. all of the above are conclusions are correct.