Transactions accounts allow for direct payment to a third party.
Answer the following statement true (T) or false (F)
True
A checking account or other transactions account allows a buyer to pay the seller from the account.
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Suppose a Chinese restaurant provides free tea and fortune cookies to its customers. The restaurant is clearly
A) generating a negative externality. B) generating a positive externality. C) selling food below cost. D) attempting to increase its total profit. E) doing none of the above.
The PPP theory fails in reality for all of the following reasons EXCEPT
A) transport costs. B) monopolistic or oligopolistic practices in goods markets. C) the inflation data reported in different countries are based on different commodity baskets. D) restrictions on trade. E) inflation rates are unrelated to money supply growth.
Union shops are subject to potential competition
A. Since striking union members may be ordered back to work by the president. B. From replacement or substitute workers. C. Since most union members do not take strikes seriously. D. Because some union shop workers refuse to join the union.
If disposable income increases by $100 million, and consumption increases by $90 million, then the marginal propensity to consume is
What will be an ideal response?