Which of the following statements about M1 and M2 is not true?
A) Transaction accounts are part of M1.
B) M2 is more liquid than M1.
C) M2 is larger than M1.
D) Transaction accounts are part of M2.
B
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Recall the Application about how the effect of a more dangerous job on wages may be used to calculate the value of a statistical life to answer the following question(s).According to the Application, if a worker is willing to take a $2,000 pay cut in order to reduce the probability of dying by .001, then the value of a statistical life is:
A. $2,000,000. B. $2,000.001. C. $2. D. $20,000,000.
If the regulator require a natural monopoly set its price equal to its marginal cost, that would ensure
A) an economic profit for the firm. B) zero economic profit for the firm. C) an economic loss for the firm. D) an accounting loss for the firms.
Conservatives and liberals ___ on the causes of poverty and ___ on how to solve the poverty problem.
A. agree; agree B. agree; disagree C. disagree; agree D. disagree; disagree
A firm will produce at the point where their total cost line hits the ___________ isoquant curve.
Fill in the blank(s) with the appropriate word(s).