An increase in nominal GDP will:
A. Increase the transactions demand and the total demand for money
B. Decrease the transactions demand and the total demand for money
C. Increase the transactions demand for money but decrease the total demand for money
D. Decrease the transactions demand for money but increase the total demand for money
A. Increase the transactions demand and the total demand for money
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Crops produced entirely for the market are known as
(a) basic crops. (b) mixed crops. (c) hybrid crops. (d) cash crops.
Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview b. leaving a big tip for the waiter after a dinner date c. offering an expensive engagement ring to your bride d. Doing messy chores before a big date
A firm is making a profit under conditions of monopolistic competition if, at the equilibrium output,
a. AR is above MR. b. MR is above AR. c. AR is above AVC. d. AR is above ATC.
If the U.S. imposed an import quota on corn, then in the U.S
a. exports and imports would rise. b. exports and imports would fall. c. exports would rise and imports would fall. d. exports would fall and imports would rise.