Which of the following is an example of an activity that generates positive externalities
a. driving a car
b. producing clothing
c. washing your car
d. education
e. building a bridge
D
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When we keep part of our wealth in a bank checking account, we are using money as a ________ because ________
A) store of value; we are holding the money to exchange for goods at a later time B) medium of exchange; we are holding the money to gain interest earned C) barter token; we are holding the money to exchange for goods at a later time D) unit of account; we are holding the money to exchange for goods at a later time E) unit of currency; we have agreed upon the value of the money with bank
From a purely economic point of view, discrimination is established if: a. black teenagers earn more than white teenagers do
b. all factors are earning an amount equivalent to their marginal revenue product. c. women earn less than men do. d. equivalent factors earn different payments for equal contributions to output.
Bank A receives a deposit of $40,000 . If the value of the money multiplier in the economy is equal to 5, the bank has to maintain a minimum reserve of: a. $10,000. b. $12,000. c. $8,000
d. $9,000.
Demand is said to be price elastic if
a. the price of the good responds substantially to changes in demand. b. demand shifts substantially when income or the expected future price of the good changes. c. buyers do not respond much to changes in the price of the good. d. buyers respond substantially to changes in the price of the good.