The euro, as a common currency, was in use in the financial market only between ________.
A. 2000 and 2010
B. 2000 and 2005
C. 1999 and 2010
D. 1999 and 2001
Answer: D
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The goal of product differentiation and advertising in monopolistic competition is to make
A. price more of a factor and product differences less of a factor in consumer purchases. B. price less of a factor and product differences more of a factor in consumer purchases. C. the firm productively efficient even if it is not allocatively efficient. D. the firm allocatively efficient even if it is not productively efficient.
The return on human capital
A) tends to be much greater than the return on physical capital. B) tends to be much lower than the return on physical capital. C) is similar to the return on physical capital. D) cannot be related to the return on physical capital since human capital and physical capital are so different.
To calculate the monetary base, one must:
a. Add currency held both inside financial institutions and outside financial institutions to deposits at the central bank. b. Subtract currency in circulation from financial institutions' reserves. c. Sum all financial institutions' reserves, because financial institutions' reserves and the monetary base are two terms meaning the same thing. d. Subtract from financial institutions' reserves all deposits held with the central bank. e. None of the above.
Which of the following statements is true for markets in which the demand curve slopes downward and the supply curve slopes upward?
a. As the size of the tax increases, tax revenue continually rises and deadweight loss continually falls. b. As the size of the tax increases, tax revenue and deadweight loss rise initially, but both eventually begin to fall. c. As the size of the tax increases, tax revenue rises initially, but it eventually begins to fall; deadweight loss continually rises. d. As the size of the tax increases, tax revenue rises initially, but it eventually begins to fall; deadweight loss falls initially, but eventually it begins to rise.