Which of the following would be counted as part of M1?
A. small time deposits
B. large time deposits
C. demand deposits
D. money market accounts
Answer: C
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Ed Sike is tired of working as a special events manager at the college. He quits his price-searcher job to devote himself to studying full time. Ed Sike is now
A) a price taker. B) a price giver. C) unemployed. D) no longer employed. E) All of the above.
Sadie has just eaten a donut and says it gave her a utility of 6. If she chooses to eat another donut:
A. we can assume she will get an increase in utility of at least 6 from the additional donut. B. we can assume she will get a decrease in utility from the additional donut. C. we can assume she will get an increase in utility of less than 6 from the additional donut. D. we can assume Sadie's total utility will fall because of diminishing marginal utility.
Which is not true of price discrimination?
A. Successful price discrimination requires that different segments of the market have different demand elasticities B. Successful price discrimination will provide the firm with more profit than if it does not discriminate C. Successful price discrimination implies that the producer can separate customers into easily identifiable groups D. Successful price discrimination will generally result in a lower level of output than would be the case under a single-price monopoly
The production possibilities frontier itself illustrates
A) all goods that can be produced by an economy. B) the combination of goods and services that can be produced efficiently. C) all goods and services that are desired but cannot be produced due to scarce resources. D) all possible production of capital goods.