Bertha holds some of her savings as currency and coins placed in her sewing basket. This is an example of
A) precautionary demand for money.
B) asset demand for money.
C) transactions demand for money.
D) wealth demand for money.
B
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The leader in a Stackelberg oligopoly with a linear demand and marginal cost produces ________ than the follower second firm, charges ________ price, and earns ________ than the follower in economic profit.
A) more; the same; more B) more; a higher; less C) less; the same; more D) more; a higher; more
Installing software to limit screen time, forcing you to uninstall it every time you reach the limit, is an example of:
A. a commitment device. B. increasing the cost of a vice. C. can be explained through behavioral economics. D. All of these are true.
Which of the following are tools used by the Fed to implement monetary policy?
A. Printing Federal Reserve notes B. Open market operations C. Minting coins D. Regulating banks activities
Suppose that Canada can produce 15 timber or 3 film and Mexico can produce 9 timber or 3 film. Suppose that opportunity costs are constant. Which of the following is FALSE?
A) Canada has an absolute advantage in timber production. B) Mexico has a comparative advantage in film production. C) The opportunity costs for producing timber are lower in Canada than in Mexico. D) Canada and Mexico would find trade mutually advantageous at a ratio of one unit of film to six units of timber.