The cost of a higher living standard in the future is giving up
A. current consumption.
B. current investment.
C. future consumption.
D. future investment.
Answer: A
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Primary liabilities of the Federal Reserve include
a. Federal Reserve notes. b. U.S. government securities. c. loans to banks. d. reserve deposits by banks. e. Both a and d
Refer to Figure 8.4. If six microwave ovens are produced, Micro Oven's average total costs are A) $33.33. B) $83.33. C) $116.67. D) $200.00.
In a market economy, the decisions about what to produce and how much of each good or service to produce are made by
A. government officials. B. economic planners. C. central bankers. D. consumers and producers.
Which of the following have substantially equivalent effects on a nation's volume of exports and imports?
A. Exchange rate appreciation and a decrease in the domestic supply of money. B. Exchange rate appreciation and domestic deflation. C. Exchange rate depreciation and domestic deflation. D. Exchange rate depreciation and domestic inflation.