A principal disadvantage of conventional checking accounts compared to money market mutual funds is that checking accounts
A. are less liquid.
B. often do not pay interest.
C. cannot be used as a store of value.
D. are not insured by deposit insurance.
Answer: B
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An open market ________ by the Fed decreases the money supply, which leads to ________ interest rates and a fall in investment spending
A) sale; decreased B) sale; increased C) purchase; increased D) purchase; decreased
A shareholder in a corporation
A. is a part owner of the business. B. may not sell his or her share of ownership in the business without the business dissolving. C. is personally liable for the debts of the corporation. D. can earn interest, but not dividends, from the profits of the business.
If Country A can produce a unit of good 1 at a lower opportunity cost than can Country B, it is correct to state that Country A
A. has a comparative advantage in producing good 1. B. will import good 1 from country Y. C. has an absolute advantage in producing good 1. D. will not produce good 1.
A firm that is earning positive profits in the short run has an incentive to ________ its scale of operation in the long run.
A. expand B. not change C. contract D. encourage another firm to expand