The use of a credit card is most similar to:
A. Paying with a check
B. An ACH (automatic clearinghouse) transaction
C. Purchasing a certificate of deposit
D. Obtaining a short-term loan
D. Obtaining a short-term loan
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A stronger U.S. dollar leads to ________ in SRAS and ________ in AD simultaneously
A) a leftward shift; a leftward shift B) a rightward shift; a leftward shift C) a rightward shift; a rightward shift D) a leftward shift; a rightward shift
According to your authors, market clearing
A) is planned by all buyers. B) is planned by all sellers. C) is planned by all buyers and sellers. D) is planned by economists and government agencies. E) is an unintended consequence of people pursuing their own plans.
Costs in a natural monopoly are lower because there is only one producer
a. True b. False Indicate whether the statement is true or false
If the United States legally allowed for a market in transplant organs, it is estimated that one kidney would sell for at least $100,000
a. True b. False Indicate whether the statement is true or false