One conceptual problem in assigning assets to M1, M2, and so on, is
A. distinguishing money from “near monies.”
B. the problem of measuring asset size.
C. the need to agree on a unit of account.
D. the different size of financial assets.
Answer: A
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Illegal immigrants make up about what percent of all agricultural workers in the U.S.?
A. 10% B. 5% C. 40% D. 25%
A firm's demand for labor increases and its demand curve for labor shifts rightward if
A) the wage rate falls. B) the price of its product falls. C) its value of marginal product decreases. D) an advance in technology increases the marginal product of labor.
The opportunity cost of a purchase is:
a. the selling price of the good or service. b. zero if the good or service satisfies a need. c. greater for persons who are rich. d. the good or service given up for the good or service purchased.
The first bottle of water increases Clarke's utility by 20 utils. The second bottle of water increases utility by 18 utils. The third bottle of water increases his utility by 15 utils. The marginal utility of the third bottle of water is 3 utils
a. True b. False Indicate whether the statement is true or false