Saving differs from savings in that
A) saving is a flow while savings is a stock.
B) saving is both a flow and a stock while savings is a stock.
C) saving is a stock while savings is a flow.
D) saving is a stock while savings is both a flow and a stock.
A
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You have an hour between your economics and math classes. What is the opportunity cost of that time if you use it to complete your math homework instead of your economics homework?
A) the economics homework you could have completed B) the cost of your calculator and math textbook C) the math homework you chose to complete D) zero, because it doesn't cost any money to do your math homework
Which of the following is a source of information that helps consumers acquire information about the quality of a good or service?
a. brand names b. franchising c. consumer ratings magazines d. all of the above
Which is the most accurate statement?
A. Collective bargaining negotiations usually end as a strike. B. Most strikes cause devastating economic disruption. C. The firm with the least ability to withstand a strike would be a service firm.
The formula for the money multiplier is:
A. 1/c where c is the ratio of cash people hold to deposits. B. 1/r where r is the reserve ratio. C. 1/e where e is the excess reserve ratio. D. 1(1 ? r) where r is the required reserve ratio