The many goods and services that are sold below the radar, outside of official records take place in the:
A. underground economy.
B. soft market.
C. illegal economy.
D. None of these statements is true.
A. underground economy.
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Which is the main motivation for entrepreneurs to take on the risks of producing?
A. Increasing costs of production B. Fun C. Profit D. Decreasing costs of production
In the Keynesian model the quantity of money demanded is ________ related to income and ________ related to the interest rate
A) positively; positively B) positively; negatively C) negatively; negatively D) negatively; positively
During the years 1979 to 1982, the Federal Reserve's announced policy was monetary targeting. During this time period the Federal Reserve
A) hit all of their monetary targets. B) did not hit any of their monetary targets because it is believed that controlling the money supply was not the intent of the Federal Reserve. C) did not hit any of their monetary targets because they were unrealistic. D) hit about half of their monetary targets.
If input prices are constant, a firm with increasing returns to scale can expect
A) costs to double as output doubles. B) costs to more than double as output doubles. C) costs to go up less than double as output doubles. D) to hire more and more labor for a given amount of capital, since marginal product increases. E) to never reach the point where the marginal product of labor is equal to the wage.