As opportunity cost of holding money increases, people can
A) do nothing.
B) increase the demand for money but not the quantity of money they hold.
C) find a better job.
D) try to maximize marginal benefit.
E) seek substitutes for money.
E
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Which of the following describes a barrier to entry?
A) something that establishes a barrier to expanding output B) anything that protects a firm from the arrival of new competitors C) a government regulation that bars a monopoly from earning an economic profit D) firms already in the market incurring economic losses so that no new firm wants to enter the market E) Firms are legally prohibited from exiting the market in order to enter another market.
An advantage to American banks from operating foreign branches is that Eurodollar deposits in offshore branches are
A) not subject to reserve requirements. B) insured by the FDIC. C) subject to extensive regulatory supervision. D) all demand deposits that pay no interest.
The relationship between the economy's level of investment and changes in its national income is known as the
a. income multiplier b. cyclical multiplier c. induced investment phase of the business cycle d. accelerated growth path function e. accelerator
Which of the following is not a type of economic analysis?
a. None of these choices is a type of economic analysis. b. Normative c. Resources d. Positive