Which of the following is assumed constant in the quantity theory of money?
A. output
B. velocity
C. money supply
D. the price level
Answer: B
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When both internal and external costs for using a scarce resource are included, then there is
A) an increase in the production of the good. B) a negative externality. C) an increase in the price of the good. D) a positive externality.
On the basis of the data we can say that:
Answer the question on the basis of the following information for four highway programs of increasing scope. All figures are in millions of dollars.
A. Program D is the most efficient on economic grounds.
B. Program C is the most efficient on economic grounds.
C. Program B is the most efficient on economic grounds.
D. Program A is the most efficient on economic grounds.
Why is the ownership of the public debt an important issue?
What will be an ideal response?
Which of the following is NOT an example of firms trying to prevent resale?
A) Movie theatres check student ID for students' discounted tickets. B) An aluminum company starts its own wire production firm to sell to the aircraft parts at a higher price. C) Government limits the sale of international edition textbooks in the U.S. market. D) Milk producers sell the milk to processed dairy products producers at a lower price.