Near monies are close substitutes for
A. commodity monies.
B. transactions monies.
C. token monies.
D. fiat monies.
Answer: B
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Which of the following is correct? A general assumption in real business cycle models is that
a. dissimilar individuals populate the economy. b. the labor market does not clear. c. the economy is populated by a group of identical individuals. d. the economy experiences involuntary unemployment.
If household incomes go up and almost all the increases are spent on consumer goods,
a. the marginal propensity to consume is high. b. the marginal propensity to consume is low. c. planned investment must be decreasing. d. the marginal propensity to save is high.
Referring to Figure 34.2, the number of tickets that this promoter will choose to sell will 
Figure 34.2
A. sell out the facility and will be more than capacity. B. be more than capacity. C. be such that there are many empty seats. D. sell out the facility.
Which of the following is NOT a barrier to entry that would allow a monopolist to keep potential competitors out of its market?
A) Significant economies of scale exist. B) The market price of the product is too high. C) The firm has a patent on the good or control over some resource required for the production of the good. D) The firm has government authorization to be a monopoly.