An increase in inventories during the accounting period represents an increase in cash.
a. true
b. false
Ans: b. false
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Which of the following expenditures would be included when we measure GDP?
A) Expenditures on illegal drugs B) Expenditures on illegal weapons C) Expenditures on medical services associated with drugs and crime D) All of the above. E) None of the above.
Which of the following statements is true regarding Temporary Assistance to Needy Families (TANF)?
a. States set the level of welfare benefits they will provide to the poor, and the federal government guarantees some support. b. Since TANF began, the number of needy families receiving benefits has almost doubled. c. Federal dollars are fixed for each state, which may use the money for any antipoverty programs as long as there is a work requirement. d. The federal government’s welfare spending rises and falls depending on how each state sets its welfare contributions.
As a country moves up along its "bowed-out" production-possibility curve, the opportunity cost of producing more of the good measured on the y-axis decreases.
Answer the following statement true (T) or false (F)
Henry has been thinking about purchasing a corporate bond but is afraid that the bond will lose value. He has decided to hold money instead. This is known as the
A. money balance demand for money. B. transactions demand for money. C. precautionary demand for money. D. asset demand for money.