The largest proportion of M1 is made up of
A) currency.
B) checking account deposits.
C) traveler's checks.
D) savings account deposits.
E) time deposits.
Answer: B
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What will be an ideal response?
The following data describe France's economy in 2008
Consumption 234 billion euros Government expenditure 93 billion euros Investment 88 billion euros Exports 128 billion euros Imports 137 billion euros From the data, we can conclude that in France A) net exports totaled -11 billion euros. B) GDP equaled 424 billion euros. C) GDP equaled 680 billion euros. D) Net exports totaled 265 billion euros.
A local street festival that previously sold bracelets in exchange for unlimited alcohol consumption is now concerned about the overconsumption of alcohol. If they switch to selling tickets per drink, will overall consumption at next year's festival decrease?
A. No, because the marginal cost per extra beer will increase for consumers. B. No, because the marginal cost per extra beer will decrease for consumers. C. Yes, because the marginal cost per extra beer will increase for consumers. D. Yes, because the marginal benefit per extra beer will increase for consumers.
If the government establishes a target price of $5, how much will the total deficiency payment to farmers be?
a. $3000 million b. $1500 million c. $750 million d. none, no deficiency payment will be necessary