A money market mutual fund is
A) essentially the same as a checking account.
B) a time deposit of $100,000 or less.
C) a time deposit of more than $100,000.
D) a depository institution that sells shares and buys securities such as U.S. Treasury bills.
D
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The gross domestic product of a small country which has a population of 200,000 is $56,000,000. The income per capita of the country is ________
A) $280 B) $200 C) $50 D) $100
A example of a good with external benefits is
A) a pizza. B) a dose of flu vaccine. C) a sewing machine. D) an imported good. E) a pair of running shoes.
When a good is normal:
A. an increase in income raises consumption at each price, so the demand curve shifts to the left. B. an increase in income raises consumption at each price, so the demand curve shifts to the right. C. a decrease in income lowers consumption at each price, so the demand curve shifts to the right. D. an increase in income lowers consumption at each price, so the demand curve shifts to the left.
Cold weather in the Midwestern and eastern United States increases the popularity of vacations in sunny California. At the same time, the hotel employees' union in California negotiates a significant pay increase for its members. The likely impact on the hotel market in California is: a. an increase in the price of hotel rooms and an increase in hotel room rentals
b. an increase in the price of hotel rooms and a decrease in hotel room rentals. c. an uncertain effect on the price of hotel rooms, but an increase in the quantity of hotel rooms rented. d. an increase in the price of hotel rooms, but an uncertain effect on the quantity of hotel rooms rented.