Using a credit card can best be likened to
A) taking out a loan.
B) a barter exchange.
C) using currency only as a means of payment.
D) using any other form of money as a means of payment.
A
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Natural pollutants
a. are those contaminants that are linked to human activity b. include such contaminants as lead and carbon monoxide c. are the same as anthropogenic pollutants d. are those arising from nonartificial processes in nature
One cost of unanticipated inflation is
A) nominal income falls below real income. B) both lenders and borrowers lose. C) arbitrary redistributions of income. D) people cannot repay their debts.
The two parts that make up an option's price are:
A. the commission and the time value of the option. B. extrinsic value and the time value of the option. C. the price of the underlying asset and the time value of the option. D. the intrinsic value and the time value of the option.
In the 2-factor, 2 good Heckscher-Ohlin model, the country with a relative abundance of ________ will have a production possibility frontier that is biased toward production of the ________ good
A) labor; labor intensive B) labor; capital intensive C) land; labor intensive D) land; capital intensive E) capital; land intensive