Which of the following is NOT included using the transactions approach to measuring the money supply (M1)?
A) certificates of deposit B) traveler's checks
C) currency D) transaction deposits
A
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According to the World Bank, Albania does one of the worst jobs as a country enforcing the rule of law. The consequence of a weak rule of law is
A) a decrease in cash transactions and increased efficiency. B) more risk taking on the part of entrepreneurs and greater economic investment. C) strong property rights enforcement leading to greater investment. D) difficulty in attracting investment and low economic growth.
In the long run, a fall in the input price causes less of an increase in factor demand
A) if the increase of product supply affected price. B) if the market price will decrease too. C) if the market price remain constant. D) if the factor demand is more elastic.
An increase in total output or real GDP is
A. Economic growth. B. The inequality trap. C. The Millennium Poverty Goal. D. Productivity growth.
The notion that buyers determine what will be produced by choosing what they purchase is called consumer sovereignty.
Answer the following statement true (T) or false (F)