Borrowing VCU3 from an online company cause the nation's:
a. M2 money supply to remain the same.
b. M2 money supply to rise.
c. M2 money multiplier to rise.
d. Monetary base to fall.
.A
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The most distinguishing economic feature of money is its
A) medium of exchange role. B) store of value role. C) unit of account role. D) standard of deferred payment role.
For a firm to become a monopoly in an industry
A) barriers to entry must exist. B) the firm must charge higher prices than its competitors. C) the firm must produce a product with the best quality. D) the firm will engage in unfair practices to drive all competitors out of the market.
Suppose an American worker can make 100 chairs or catch 1,000 fish per day. A Chilean worker, on the other hand, can produce 40 chairs or catch 400 fish per day. Which of the following statements is true?
A. Chile has the comparative advantage in chair production. B. Both the United States and Chile have a comparative advantage in chair production. C. Neither the United States nor Chile has a comparative advantage in chair production. D. The United States has the comparative advantage in chair production.
Which of the following is included in M1?
A. Currency in a bank's vault. B. Currency in circulation. C. Credit card balances. D. All of the choices are correct.