_________________: Want to increase activity in a given area
Fill in the blank(s) with the appropriate word(s).
Ans: Network economies
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Holding money as a store of value instead of other assets is
A) the capital demand for money. B) the asset demand for money. C) the precautionary demand for money. D) the transactions demand for money.
The Commodity Credit Corporation (CCC) instituted several policies to improve the welfare of farmers. Which of the following best describes the programs' effects?
a. The CCC price supports mandated a one-price policy on all agricultural goods. b. The CCC made loans to farmers, using the farmers' future crops as collateral with recourse. c. The CCC price supports inefficiently allocated resources, which decreased welfare. d. If the commodity price increased, according to the free market, then the CCC would command and collect "excess" profits, i.e., revenues in excess of the one-price policy, for use as loanable funds.
If a 1 percent change in the price of a good causes a 1 percent change in the quantity demanded of that good, then the demand is said to be:
a. perfectly elastic. b. income elastic. c. unit-elastic. d. inelastic. e. perfectly inelastic.
Are jobs the key to economic progress and the achievement of high income levels?
What will be an ideal response?