M2 money includes all but which one of the following?
a. Checkable deposits.
b. Savings accounts.
c. Large denomination time deposits.
d. Money market deposit accounts.
e. Money market mutual accounts.
c
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The value of money for buying goods and services is known as
A) inflation. B) nomination. C) nominal income. D) purchasing power.
An example of moral hazard is
a. A taxi driver paid per mile taking the shortest route b. a piece-rate garment worker shirking more than a per hour worker c. an hourly salesman working less hard than a commission salesman d. an author on contract going to as many book signings as one with a percentage royalty rate
Oligopolistic firms that practice sales revenue maximization will produce
a. more and charge less than a profit maximizer. b. less and charge more than a profit maximizer. c. more and charge more than a profit maximizer. d. less and charge less than a profit maximizer.
If the punishment is ________, or the likelihood of getting caught is ________, the cost associated with breaking a ban may not be high enough to change the trade-off that consumers face.
A. not severe; high B. not severe; low C. severe; high D. severe; low