M2 is comprised of
A) small-denomination time deposits + savings deposits + money market accounts.
B) small-denomination time deposits + credit cards + money market accounts + gold deposits.
C) M1 + small-denomination time deposits + savings deposits + retail money market mutual funds.
D) M1 + small denomination time deposits + credit cards + money market accounts.
C
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Describe the holdout problem with emphasis on how it might lead to resource being allocated inefficiently. Give three private ways to possibly overcome the holdout problem
What will be an ideal response?
Ramsey prices for a budget-constrained (breakeven) multi-product firm will allow the same welfare loss per dollar of contribution to fixed costs for every product
Indicate whether the statement is true or false
Which of the following probably best explains why trade restrictions are imposed even if the costs to consumers are greater than the benefits to protected industries?
a. Indifference on the government's part to the interests of domestic workers b. A desire to make other countries suffer c. Government's desire to earn high revenues d. Successful lobbying by employers and workers in protected industries e. Government's preference to safeguard the interest of the producers at the expense of the consumers
Total benefits minus total cost equals:
A. gross benefit. B. marginal benefit. C. net benefit. D. incremental benefit.