If long-term investments are increasing,
a. current consumption must be increasing.
b. interest rates must be relatively low.
c. interest rates must be relatively high.
d. the people must be experiencing a "defective telescopic faculty."
b
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Everything else held constant, a monetary expansion is characterized by ________ output and ________ interest rates
A) rising; rising B) rising; falling C) falling; rising D) falling; falling
The concept of opportunity cost exists because
A) of scarcity. B) goods have different prices. C) of shortages. D) the value of services is hard to determine.
Which of the following is not a lesson that history has taught about the development of physical and electronic currencies:
a. The private sector usually finds a way to circumvent these taxes and restrictions. b. Commerce usually follows community. c. To gain widespread trust and usage, currencies do not have to be backed by precious metals. d. All of the statements are positive lessons. None is false.
________ is the ability to raise prices above the level that perfect competition would produce by restricting the quantity supplied.
A. Market power B. Perfect marketing C. Monopolistic power D. Oligarchic power