The return-to-entrepreneurship curve is:
A) horizontal. B) vertical.
C) downward sloping. D) upward sloping.
C
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Non-transactions deposits are different from transactions deposits in that
A) transactions deposits have unlimited check writing privileges while non-transactions deposits do not. B) transactions deposits have limited check writing privileges while non-transactions deposits have unlimited check writing privileges. C) transactions deposits have no check writing privileges while non-transactions deposits do. D) transactions deposits have no check writing privileges while non-transactions deposits have limited check writing privileges.
Why might Congress benefit from the Fed being self-financed?
A) Self-financing increases Congressional control over the Fed. B) Self-financing reduces the Fed's exposure to external pressures. C) Self-financing gives the Fed an incentive to expand the money supply, which ultimately results in Congress having additional funds to spend. D) Congress does not benefit from the Fed being self-financed; Congress is obliged by the Constitution to allow the Fed to be self-financed.
Unlike a perfectly competitive firm, a monopolistically competitive firm
a. faces a perfectly inelastic demand curve. b. can earn positive economic profit in the short run and in the long run. c. cannot earn positive economic profit even in the short run. d. has a negatively sloped demand curve.
Economics is the study of:
A. how to invest in the stock market. B. how society uses limited resources. C. the role of money in markets. D. how government officials decide which goods and services are produced.