How much money to hold is an application of the:
A. cost-benefit principle.
B. scarcity principle.
C. principle of increasing opportunity cost.
D. principle of comparative advantage.
Answer: A
You might also like to view...
The government of Silverado raises revenue through a general income tax paid by all its residents to operate the city's marina. The marina is used by private boat owners. This method of raising revenue to operate the marina is
A) inconsistent with the benefits-received principle. B) consistent with the benefits-received principle. C) consistent with the ability-to-pay principle. D) inconsistent with the ability-to-pay principle.
On the gold standard, a trade deficit in the U.S. impacted the economy by producing
(a) a gain of specie. (b) a tight supply of money. (c) low interest rates. (d) deflation.
A nonrival good is a good that a. is produced by a monopoly
b. is produced by a cartel. c. can provide benefits to additional users at a zero marginal cost. d. is sold in a single market.
Trade protectionism (barriers) for a product will result in:
Lower prices for imports of that product Higher prices for imports of that product Higher prices for domestic producers of that product Lower prices for foreign producers of that product