For purposes of analyzing the money stock and its relationship to relevant economic variables, money is best thought of as
a. those items that can be readily accessed and used to buy goods and services.
b. currency only.
c. currency plus all bank accounts.
d. currency plus all bank accounts plus bonds.
a
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New social regulations usual are created as barriers to entry
Indicate whether the statement is true or false
Who are likely to earn higher incomes, doctors or nurses, and why?
a. doctors, because their training is more expensive b. doctors, because their job has higher social status c. nurses, because their job is more desirable d. nurses, because their education is more costly e. doctors, because there are more job openings for them
Most economic models incorporate the assumption of rational behavior on the part of economic actors
a. True b. False Indicate whether the statement is true or false
Nigeria has an absolute advantage in the production of
A. basketballs.
B. Barbie dolls.
C. both basketballs and Barbie dolls.
D. neither basketballs nor Barbie dolls.