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. all of these.
a
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In the above figure, if the price is P1 and the firm produced Q1, the firm's economic profit is ________ than if it produced Q2 and ________ than if it produced Q3
A) less; less B) less; more C) more; less D) more; more
If a consumer always buys goods rationally, then
A) the marginal utility per dollar spent on all goods will be equal. B) the marginal utility of the different goods consumed will be equal. C) the average utilities of the different goods consumed will be equal. D) the total utilities of the different goods consumed will be equal.
The “cradle to grave” approach to materials and waste management
a. involves a linear flow of materials and wastes b. involves a circular flow of materials and wastes c. does not consider industrial waste as part of the materials flow d. none of the above
The purpose of an expansionary monetary policy is to shift the:
A. aggregate demand curve leftward. B. aggregate demand curve rightward. C. aggregate supply curve leftward. D. investment demand curve leftward.