Buying a cup of coffee with a dollar bill represents the use of money as a:
A. medium of exchange.
B. unit of account.
C. store of value.
D. commodity.
Answer: A
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Refer to Figure 12-5. If the market price is $20, what is the average profit at the profit-maximizing quantity?
A) $5 B) $6 C) $9 D) $20
The health maintenance organization that contracts with individual physicians or group practices to provide care for a specified group of enrollees is called
a. a group-model HMO. b. a staff-model HMO. c. a network-model HMO. d. an IPA. e. a direct-contract HMO.
Find the tax multiplier if the MPC is 0.75.
A. ?4. B. ?3. C. 0.33. D. 3.
The infant-industry argument for tariff protection is that tariffs should be imposed to protect from competition
A. industries that can compete with foreign competitors at this point in time and are deemed essential by the government. B. industries that cannot compete with foreign competitors at this point in time, but will be able to once they gain some size and experience. C. industries needed for national defense. D. industries that are essential if a country is to become an industrial nation.