The transactions motive for holding money reflects the behavior of people who hold money
a. instead of near money
b. to transact purchases they expect to make
c. as insurance against unexpected needs
d. to speculate in the stock market
e. to take advantage of changes in interest rates
B
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Which of the following is not a depository institution?
a. A commercial bank b. A thrift institution c. A pension fund d. A savings and loan institution e. A credit union
If a firm with total revenue of $2 million continues to operate in the short run, we may conclude that its variable costs are __________.
Fill in the blank(s) with the appropriate word(s).
The negative effect of having more potential volunteers resulting in a reduced likelihood of a beneficial outcome is known as the
A) diffusion effect. B) externalizing effect. C) group dynamic effect. D) size effect.
A nonexcludable public good is
A. nonrivalrous in consumption. B. rivalrous in consumption. C. asymmetric. D. a good for which it is impossible (or prohibitively costly) to exclude someone from receiving the benefits of its services. E. a and d