Which of the following has the highest velocity of money?
a. A $5 bill has four exchanges in four days.
b. A $10 bill has seven exchanges in five days.
c. A $1 bill has two exchanges in three days.
d. A $20 bill has three exchange in six days.
b. A $10 bill has seven exchanges in five days.
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Over the last century,
A. hours worked have increased as wages have increased. B. hours worked have decreased as wages have increased. C. hours worked have increased as wages have decreased. D. hours worked have decreased as wages have decreased
Total profit = Total revenue ? Total cost (including opportunity cost). Total profit defined in this way is called
a. accounting profit. b. economic profit. c. absolute profit. d. relative profit.
Taxes on polluting firms have
a. been tried, but not successfully. b. been successful in Germany in reducing water pollution. c. resulted in bankruptcy of the affected firms. d. never been tried to see if they work.
The multiplier principle illustrates that
a. an increase in investment spending will be multiplied into a larger increase in GDP. b. an increase in GDP will be multiplied into a larger amount of investment spending. c. an increase in GDP will be multiplied into a larger increase in consumer spending. d. investment spending is always a multiple of consumer spending.