The M2 money supply includes:
A. stock certificates.
B. currency in bank vaults.
C. the cash value of life insurance policies.
D. individual shares in money market mutual funds.
D. individual shares in money market mutual funds.
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Total cost is equal to the sum of
A) total revenue and total cost. B) total variable cost and total product. C) total variable cost and total fixed cost. D) total fixed cost and total product. E) the marginal cost plus the total fixed cost plus the total variable cost.
If net exports are a negative number, then:
a. we are not buying enough exports. b. we are buying too many exports. c. GDP will underestimated when measured using the expenditure approach. d. we are exporting more than we are importing. e. we are exporting less than we are importing.
Economics is:
a. concerned with the problem of scarce resources combined with unlimited wants. b. the study of how to make money in the stock market. c. highly theoretical and has little practical application. d. primarily concerned with day-to-day business decision making. e. a decision making process involving individuals and firms rather than governments.
Which of the following is an argument for globalization?
a. Poor countries compete for multinational firms by allowing lax environmental standards. b. Multinational firms tend to pay lower wages than local firms. c. The benefits of globalization to all consumers greatly outweigh the loss of jobs to international competition. d. Removal of restrictions against agricultural products would cause workers in rich countries to lose their jobs. e. The increased integration of the world's economies has been associated with lax environmental and labor standards in most countries.