The money income of households consists of all the following, except:
A. Wages
B. Profits
C. Interest
D. Revenues
Answer: D
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Which of the following situations is likely to lead to dynamic open market operations?
A) A recession B) An increase in Federal Reserve float C) An increase in Treasury cash holdings D) An increase in currency outstanding
The first farm organization of importance was
a. the Grangers. b. the Greenback Party. c. the Southern Alliance. d. The Populists.
Suppose a monopolist and a perfectly competitive firm have the same cost curves. The monopolistic firm would:
a. charge the same price as the perfectly competitive firm. b. refuse to operate in the short run unless an economic profit could be made. c. charge a higher price than the perfectly competitive firm. d. charge a lower price than the perfectly competitive firm.
In order to maximize profit, a firm that produces its output in two plants will produce the level of total output at which the last unit of output produced adds the same amount to total revenue as to the
A. second plant's total cost. B. first plant's total cost. C. firm's total cost D. both a and b