A barter arrangement basically means
A. a credit deal.
B. a cashless transaction.
C. buying with an I.O.U.
D. exchanging goods for cash.
Answer: B
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Use the following table to answer the next question.ItemBillions of DollarsCheckable deposits$597Small time deposits818Currency639Money-market mutual funds held by businesses1,045Savings deposits, including money-market deposit accounts2,866Money-market mutual funds held by individuals979The size of the M1 money supply is
A. $979 billion. B. $1,415 billion. C. $,1618 billion. D. $1,236 billion.
Slick Shades has a constant marginal cost of production equal to $40 and the distributors have a constant marginal cost of distribution equal to $20. If Slick Shades is producing the profit-maximizing number of sunglasses (in hundreds) and charging the profit-maximizing wholesale price, what is Slick Shades' profit (in hundreds)?
The figure above shows the wholesale demand and marginal revenue curves for Slick Shades Sunglasses, a sunglasses firm with market power. Slick Shades Sunglasses has a constant marginal cost of production and it sells to perfectly competitive independent retail distributors that have a constant marginal cost of distribution.
A) $6,400
B) $8,000
C) $7,200
D) $5,60
Suppose that R. J. Reynolds raises the price of cigarettes by 10 percent. Although they have no requirement or agreement to do so, the other cigarette firms decide to raise their prices accordingly. This situation is best described as:
a. price leadership. b. a cartel. c. monopolistic competition. d. a market with kinked demand.
Studies estimate the size of the informal economy in the United States at about ________ percent of GDP.
A. 2 B. 10 C. 20 D. 33