A transfer of money from a NOW account to a money market fund causes
a. M1 to fall.
b. M2 to rise.
c. M3 to rise.
d. both M1 to fall and M2 to rise.
a. M1 to fall.
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What is marginal damage cost?
What will be an ideal response?
A franchisee works than a salaried manager of company store because
a. Less, he doesn't get to keep the additional profits he generates b. Harder, he gets to keep the additional profits he generates c. Lesser, he is generally lazy d. Harder, he doesn't get to keep the additional profits he generates
A music venue discovers that its concerts consistently have empty seats in the back rows of the facility. If the venue owner uses marginal analysis to evaluate this situation, he should
A. raise the price of seats in the front rows. B. remove the last few rows. C. lower the ticket price for the seats on the back rows. D. cancel concerts that are not sellouts. E. book acts that are less expensive.
Which of the following statements is NOT an explanation of Leontief's paradox?
a. Leontief ignored the fact that the United States imports a variety of products rather than just one. b. He ignored the fact that U.S. labor is highly skilled. c. He ignored the importance of land as a factor in many U.S. exports. d. rade patterns in 1947 might have been affected by the fact that World War II had ended only two years earlier.