The term "near monies" refers to which of the following?
a. Savings and small time deposits, which (unlike currency and checkable deposits) are not immediately available as money in a transaction.
b. Mexican pesos and Canadian dollars – the money used by our nearest neighbors
c. Counterfeit money that closely approximates the appearance of real money.
d. None of the answers above are correct.
a
You might also like to view...
Keith is a perfectly competitive carnation grower. The market price is $2 per dozen carnations. Keith's average total cost to grow carnations is $2.50 per dozen. In the long run, Keith will
A) raise his price to more than $2.50 per dozen carnations. B) raise his price to $2.50 per dozen carnations. C) exit the industry if the price and his costs do not change. D) incur an economic loss. E) continue to make an economic profit.
The imposition of a binding price floor on a market causes quantity demanded to be a. greater than quantity supplied. b. less than quantity supplied
c. equal to quantity supplied. d. Both (a) and (b) are possible.
Platform monopolies:
A. provide an importance service, but present new types of antitrust problems. B. are bad because they earn monopoly profits. C. earn low profits because of network externalities and ought to be broken up. D. are good because they earn monopoly profits.
The Mincer earnings function is used to estimate
A. ability bias. B. the age-earnings profile. C. the value of the marginal product of labor. D. the social return to schooling. E. the signaling effect.