Fisher's quantity theory of money suggests that the demand for money is purely a function of ________, and ________ no effect on the demand for money
A) income; interest rates have
B) interest rates; income has
C) government spending; interest rates have
D) expectations; income has
A
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A drawback in the use of sensitivity analysis in capital budgeting decisions is that it doesn't
A) permit evaluating alternative outcomes. B) provide estimates of net present values. C) assign probability values to outcomes. D) consider different possible rates of discount.
Pure private goods are nonrival in consumption.
A. True B. False C. Uncertain
The economic rent analysis does not apply to any factor
A. except land. B. whose supply curve is vertical. C. whose supply curve is horizontal. D. whose quantity supplied is fixed.
Why do markets exist?
a) Markets ensure that government does not intervene in the production of goods and services b) Markets provide self-sufficent people with public places for the exchange of ideas c) Markets ensure economic equity for all people d) Markets allow people to buy what they need to consume and sell the specialized goods and services they produce