One In the News article is titled "CDs Not Paying Much." From this article and from reading the text, one would infer that
A. CD balances are only in M2.
B. CD balances are not in M1 or M2.
C. CD balances are in both M1 and M2.
D. CD balances are only in M1.
Answer: A
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Lemon laws that allow consumers to return low-quality used cars are designed to help solve the problem of ________ in used car markets.
A. moral hazard B. thick markets C. experience ratings D. adverse selection
Voss Calculator Company has a monopoly on the sale of graphing calculators. If it sells two of these calculators its total revenue is $500, and if it sells three calculators its total revenue is $700. The marginal revenue of the third calculator sold is
A. $100. B. $150. C. $200. D. $700.
When tax revenues equal government outlays, the situation is referred to as
A) an equivalent budget. B) a balanced budget. C) an equal budget. D) a legal budget. E) an equilibrium budget.
Explain which of the following items are not consumption goods and services:
What will be an ideal response?