Which of the following would typically be considered a cost of economic growth?
A. increased poverty
B. urban congestion
C. decreased levels of health
D. increased illiteracy
Answer: B
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As rational consumers, you attempt to maximize utility by allocating your time so that the expected marginal utility of the last unit of time spent in each activity is different
Indicate whether the statement is true or false
The nominal interest rate equals the real interest rate ________ the inflation rate
A) times B) divided by C) plus D) minus
Monopolistic ally competitive firms are similar to monopolies in that they have:
A. High barriers to entry in their industry B. Close substitutes for their products C. Inelastic demand for their products D. Marginal revenues that are less than price
Which of the following is not true with respect to money market mutual funds?
A) They allow small savers to pool their funds to buy a diversified portfolio of money market instruments. B) They often include securities such as Treasury bills, Treasury bonds, commercial paper, and negotiable CDs. C) They charge a small management fee. D) Most funds offer limited withdrawal by check.