Which of the following would most likely be part of the study of microeconomics?
A. how General Motors makes decisions regarding its production goals
B. overall price stability in the United States
C. the total economic output of our domestic economy
D. national income
Answer: A
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Which of the following is NOT among the primary functions of money?
A) store of value B) indicator of supply C) an object that is generally accepted in return for goods and services D) unit of account E) medium of exchange
Refer to Table 4-6. The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion. The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units
What is the value of economic surplus in this market? A) $600 thousand B) $1,050 thousand C) $1,500 thousand D) $2,100 thousand
If you want to know the present value of a future payment received in one year, what formula can you use?
A) Present value equals future payment divided by one plus the rate of interest. B) Present value equals future payment times the current market rate of interest. C) Present value equals future payments times one plus the rate of interest. D) Present value equals one plus the rate of interest in decimals divided by future payment.
The required reserve ratio in an economy is 16 percent. If two banks, Bank A and Bank B, receive deposits of $50,000 and $75,000 . respectively, then the value of the money multiplier in the economy is: a. 10.00. b. 12.50. c. 6.25
d. 8.00.