Money is useful because it serves as a
A. never wears out.
B. good memorial to national leaders.
C. stimulus to the printing industry.
D. medium of exchange.
Answer: D
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An increase in disposable income leads to a
A) rightward shift of the supply of loanable funds curve. B) rightward shift of the demand for loanable funds curve. C) downward movement along the supply of loanable funds curve. D) leftward shift of the supply of loanable funds curve. E) leftward shift of the demand for loanable funds curve.
"If the marginal social benefit of a car exceeds the marginal social cost of a car, we are producing too many cars." True or false? Explain
Indicate whether the statement is true or false
Aimee sells hand-embroidered dog apparel over the Internet. Her annual revenue is $128,000 per year, the explicit costs of her business are $42,000, and the opportunity costs of her business are $30,000
What are the implicit costs of her business? A) $12,000 B) $30,000 C) $72,000 D) $86,000
When does money creation occur?
a. Banks hold required reserves. b. Individuals hold checkable deposits. c. Banks make loans with their excess reserves. d. Individuals take out loans.