The Latin term "ceteris paribus" means
A) "obviously true."
B) "what is true of the whole is not necessarily true of the parts."
C) "false unless proven true."
D) "other things remaining the same."
E) "after this, therefore because of this."
D
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Which of the following is an advantage of starting a new business as a partnership?
A) Business profits are not taxed. B) A partnership has few government rules and regulations to comply with. C) The owners have limited personal liability. D) A partnership can easily attain additional funding.
The advantage of a nominal anchor is that it prevents a limitless rise in the
A) national debt. B) nominal interest rate. C) inflation rate. D) unemployment rate.
A reduction in the required reserve ratio has the instant effect of:
a. Increasing bank reserves. b. Increasing excess reserves. c. Increasing bank shareholders' equity. d. None of the above is correct. e. Increasing the monetary base.
If a pizza maker pays $1 for tomatoes, $1 for cheese, $2 for sausage, and sells the pizza made with these ingredients for $7, then each pizza sold contributes how much to GDP?
A. $7 B. $3 C. $4 D. $11