Financial monetary assets which often cannot be readily used in commercial exchanges are included in:
A. M1.
B. M2.
C. credit cards.
D. prepaid accounts.
Answer: B
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A problem with the use of the market system is that
a. it is too careful in conserving society’s resources. b. it does not stimulate people to work hard and to be efficient. c. it results in an unequal distribution of property and income. d. All of these.
When the dollar rises relative to other currencies,
A) foreign goods are more expensive in terms of dollars. B) foreign currency is more expensive in terms of dollars. C) U.S. goods become more expensive to foreigners. D) foreign currency is more expensive in the United States, but foreign goods are cheaper.
As a result of the 1986 Tax Reform Act, in 1988 some high-income taxpayers had lower marginal tax rates than middle-income taxpayers
a. True b. False
Which one of the following persons would be classified as unemployed by the Bureau of Labor Statistics?
What will be an ideal response?