Checking account balances are included in
A. M1 only.
B. M2 only.
C. both M1 and M2.
D. neither M1 nor M2.
Answer: C
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Macroeconomics is the study of individual economic markets
Indicate whether the statement is true or false
According to the diagram in the above figure, what is the marginal benefit of consuming the 3 millionth gallon of gasoline per month?
A) 5 pounds of shrimp per gallon of gasoline B) 3 pounds of shrimp per gallon of gasoline C) 2 pounds of shrimp per gallon of gasoline D) 1 pound of shrimp per gallon of gasoline
Advertising costs of a monopolistically competitive firm are ________
A) greater than a monopoly and the same as a perfectly competitive firm B) greater than a perfectly competitive firm C) less than a perfectly competitive firm D) the same as a monopoly
The two types of imperfectly competitive markets are
a. monopoly and monopolistic competition. b. monopoly and oligopoly. c. monopolistic competition and oligopoly. d. monopolistic competition and cartels.