Sophia receives a $400 gift card for her campus bookstore from her parents. Which of the following is true regarding the $400 gift card?
A. It is counted in only M2.
B. Stored-value cards are not counted in either M1 or M2.
C. It is counted only in M1.
D. It is included in both M1 and M2.
Answer: B
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Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product0015220332442550655758858956Marginal product is zero when the total product is
A. 58. B. 5. C. 0. D. 56.
Given that real interest rates are constant, an increase in the expected rate of inflation will tend to
A) decrease the nominal rate of interest. B) increase the nominal rate of interest. C) cause lower inflation rates. D) cause no change in the nominal rate of interest.
Nonexcludable and nonrival goods are known as
a. Public goods. b. Private goods. c. Efficient goods. . d. Those which are the last to be purchased. e. There is no such thing as goods which are both Nonexcludable and nonrival.
A public good is a good that:
A. is consumed by a single person or household. B. cannot be used by private citizens. C. is available for everyone to consume, regardless of who pays. D. is provided by the government.