Approximately what percentage of the total money supply, M1, is currency?
a. 10%
b. 20%
c. 30%
d. 50%
e. 75%
c. 30%
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The tort of false imprisonment protects:
A. only the freedom of movement. B. mental and physical interests. C. only the freedom from knowledge of confinement. D. the right to life.
Consider the Japanese market for jetliners as depicted in Figure 6.5. Suppose the lone producer of jetliners in the world is Boeing, which faces a constant marginal cost of $20 million per jetliner, but now a European manufacturer, Airbus, begins production. Airbus faces the same marginal cost as Boeing, but the European government provides Airbus with a subsidy of $8 million per jetliner produced. As a result of the competition, Boeing leaves the Japanese market leaving Airbus as a monopoly. How much profit will Airbus earn?
a. $230 million b. $350 million c. $416 million d. $450 million
Gina sells "Bulk Up" steroids over the Internet. She is arrested and charged with the sale of a controlled substance. This is cyber crime, which is
a. a new category of crime that is not related to older types of crime. b. a crime that occurs the virtual community of the Internet. c. a crime that is less real than the same crime in the physical world. d. no crime.
Goods must be of the highest quality possible to be merchantable
a. True b. False Indicate whether the statement is true or false