Which of the following statements about money is not true?
A. There is an opportunity cost of holding money.
B. Present dollars are worth more than future dollars.
C. Income-earning investment opportunities exist.
D. When interest rates are positive, future dollars are more valuable than present dollars.
Answer: D
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Price controls are usually enacted
a. as a means of raising revenue for public purposes. b. when policymakers believe that the market price of a good or service is unfair to buyers or sellers. c. when policymakers tax a good. d. All of the above are correct.
When marginal revenue is positive,
A. marginal revenue is greater than price. B. demand is elastic. C. decreasing price will decrease total revenue. D. both b and c E. all of the above
What is the fundamental argument in Malthus' An Essay on the Principle of Population?
A. Ultimately, population growth rate would outpace growth in real GDP leading to declining standards of living. B. Population growth tends to undermine global stability which is a stimulus for future wars and conflicts. C. Population would increase at a geometric rate and the food supply at an arithmetic rate and that this disharmony would lead to forced return to subsistence-level conditions. D. Population growth is the root cause of hunger, poverty, environmental destruction, disease, and social unrest.
A decrease in planned investment will shift the _____
Fill in the blank(s) with the appropriate word(s).