Gover bonds
What will be an ideal response?
it's tresure bill
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________ is likely to result in an increase in the total efficiency units of labor in an economy
A) A decrease in the capital-labor ratio in the economy B) An increase in the unemployment rate in the economy C) A decrease in the labor force participation rate in the economy D) An increase in the productivity of each worker in the country
The Federal Reserve's primary function is to control the money supply
a. True b. False Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Bilal has a degree in advertising but has chosen to pursue his dream of being a painter instead of getting an advertising job. The money that Bilal could have earned in advertising is an implicit cost of his painting business. 2. One difference between accounting profits and economic profits is that accounting profits tell whether the firm has covered its monetary costs, but economic profits tell whether the business is worth pursuing. 3. Economic profits are larger than accounting profits because they consider all the monetary costs associated with management and administration and not just the costs of production. 4. Sunk costs are treated as implicit costs because they are not visible and are not considered when making economic decisions. 5. If a firm decides to move to a new location before its lease expires, it can recover the sunk costs associated with the lease agreement.
Money is a good store of value
A. when the average price level is rising. B. when the economy is experiencing severe inflation. C. when the average price level falling. D. when the unemployment rate is high.