In the economic way of thinking, information is a scarce economic good because
A) people need more information.
B) modern-day capitalism turned information into a tradable commodity.
C) it is valuable, and there are opportunity costs to get it.
D) a political conspiracy limits its production to keep citizens uninformed.
C
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In reality, it is ________ that managers flip a coin to make decisions; but actual randomness ________ desirable in certain situations.
A) common; can B) rare; cannot C) rare; can D) common; cannot
Accelerated depreciation laws may increase firms' investment in equipment because
a. machines will wear out more rapidly. b. profits will be increased. c. the rental rate on capital will be lowered. d. the price of machines will fall.
Which of the following is one of the arguments for tariffs?
a. encouraging dumping b. protecting against dumping c. managing exchange rates d. managing interest rates
Why does the money multiplier measure potential money creation rather than guaranteed money creation?
a. Borrowers may spend all the money they acquire through a loan. b. The money is not real until it is deposited or spent. c. Some banks may choose to keep some of their new deposits in their reserves. d. Borrowers may deposit their loan money into checkable rather than demand deposits.