A rival good
A) is one that is used up as it is consumed.
B) is one that rival firms are trying to obtain.
C) is exclusive.
D) cannot be shared.
A
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Membership in the Federal Reserve System is
a. limited to national banks. b. limited to state banks. c. required of national banks and open to state banks. d. forbidden to state banks.
Microprocessors have become faster and faster since their invention in 1971, with their performance approximately doubling every 18-24 months. This trend of improvement has become known as
A. the Intel effect. B. information clustering. C. Gates's law. D. Moore's law.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3. B. -1.5. C. -3. D. -30.
When the nominal exchange rate changes from 4 francs per dollar to 6 francs per dollar, the dollar has:
A. become undervalued. B. become overvalued. C. appreciated. D. depreciated.