Dollar prices and relative prices are both nominal variables
a. True
b. False
Indicate whether the statement is true or false
False
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What does it mean for a money market mutual fund to "break the buck"?
A) The value of its share declines below $1. B) It incurs losses on its investments. C) It increases its fees to more than 1% of net asset value. D) It is unable to meet the demand for withdrawals by investors.
Merit is judged by one's ability to produce
A. what is considered valuable by society. B. what is considered beneficial to society. C. what is considered useful by society. D. all of these.
What are three primary reasons for the growth of international trade over the past 50 years?
What will be an ideal response?
A benevolent social planner would prefer that the output of good x be decreased from its current level if, at the current level of output of good x,
a. social value = private value = private cost < social cost. b. private cost < social cost = private value = social value. c. social cost = private cost = private value < social value. d. social cost = private cost = private value = social value.