Are credit cards "money"?
A) No, because they are not used as a general medium of exchange.
B) No, because they are used to make money.
C) Yes, because they are used as a general medium of exchange.
D) Yes, because they are used to make money.
A
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A third-degree price-discriminating pure monopoly will follow a system where ________.
A. buyers with relatively more inelastic demands are charged lower prices than buyers with relatively more elastic demands B. the price of the product is held the same even if the demand changes C. buyers with relatively more inelastic demands are charged higher prices than buyers with relatively more elastic demands D. all buyers are charged the same price regardless of their elasticity of demand
If the Fed were to push unemployment below NAIRU, it is likely that:
A. the economy would be operating efficiently. B. deflation will send the economy into a deflationary spiral. C. inflation will increase. D. the dual mandate will be met.
A monopsonist is
A. a single buyer of an input. B. a firm that has a unionized labor force. C. a firm with monopoly power in the local area. D. a single seller of an input.
If your broker tells you that a trust to which you are a beneficiary has changed, and instead of getting $5000 per year starting next year, you will be getting $4000 per year starting next year, the present value to you has
A. risen. B. remained unchanged. C. necessarily become more predictable. D. fallen.