Joint production is production that results in the simultaneous production of ________.
A) exactly three outputs
B) exactly one output
C) exactly two outputs
D) two or more outputs
D) two or more outputs
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Explain whether you agree or disagree with the following statement: "The reason that inflation is bad is because it increases the cost of living — the costs of goods and services we buy — without increasing income in general."
What will be an ideal response?
Opportunities for arbitrage in the foreign exchange markets throughout the world are:
A. plentiful, particularly in developing nations. B. plentiful, particularly in markets trading in U.S. dollars. C. fleeting, because technology today allows quick trading that eliminate them quickly. D. fleeting, because most governments ‘peg' or fix their currency's value to another's.
Compared to those in low-income countries, the residents of countries with high per person incomes nearly always
a. live longer. b. have a lower illiteracy rate. c. have a lower infant mortality rate. d. all of the above.
Which of the following forms of money is the least liquid?
A. dollars B. checking account deposits C. passbook savings D. certificates of deposit