Catherine compares the prices of candy bars in order to get the "best buy." This comparison represents using money as a
A) medium of exchange.
B) store of value.
C) unit of account.
D) none of the above.
C
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If the MPC equals 0.75, then
A) for every $100 increase in consumption, real Gross Domestic Product (GDP) increases by $75. B) for every $100 increase in real Gross Domestic Product (GDP), saving increases by $25. C) consumption is always more than real Gross Domestic Product (GDP). D) for every $100 increase in real Gross Domestic Product (GDP), saving increases by $75.
Which of the following contributed to the soaring housing prices during 2002-2004?
a. the Fed's high-interest rate policy b. the tightening of loan standards by commercial lenders c. the increasing popularity of fixed-rate, long-term loans to lock in low interest rates d. the Fed's low-interest rate policy
The accompanying table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The total labor cost with 4 employees is:
A. $21,500. B. $43,121. C. $38,000. D. $22,000.
From society's standpoint, positional arms races lead to outcomes that are ________.
A. efficient B. inefficient C. dominant D. desirable