A $25,000 price tag on a new car is an example of money as
A) a medium of exchange.
B) a unit of account.
C) a store of value.
D) a time deposit.
B
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Because private firms cannot make money pricing at marginal cost for collective consumption goods, government must produce collective consumption goods for them to exist
a. True b. False
If the Canadian government raises it budget deficit, then Canada's net capital outflows will
a. increase, so its exchange rate will rise. b. increase, so its exchange rate will fall. c. decrease, so its exchange rate will rise. d. decrease, so its exchange rate will fall.
Advances in information and communication technology are the principal factors cited for the:
A. speedup in productivity growth between 1973 and 1995. B. speedup in productivity growth from 1995-2000. C. slowdown in productivity growth from 1995-2000. D. slowdown in productivity growth between 1973 and 1995.
The following question relates to an oligopoly market where the industry demand curve is P = 100 - Q. What will be the price and quantity of this duopoly market if the duopolists act as shared monopolists?
What will be an ideal response?