In which of the following monetary aggregates are Treasury Bills included?
a. M1 only
b. M2 only
c. both M1 and M2
d. neither M1 nor M2
d
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An import quota
A) is a price ceiling imposed on an imported good. B) is a price floor imposed on an imported good. C) is a supply restriction limiting the quantity of a good that can be imported. D) is a legislative requirement stating that firms which import some of their merchandise must hire a certain number of immigrant workers.
Game theory proves most useful for analyzing
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
Why has the earnings gap between better and less educated workers widened?
At Tony's Restaurant, the quantity of large pizzas sold is 200 at the unit price $15. Suppose the price elasticity of demand for pizzas by the initial value method is 1.5, and you would like to increase the quantity sold to 250. Then the new price must be:
A. $13. B. $12.50. C. $11.50. D. $11.25.