The opportunity cost of a new football stadium is the:

All of the following are characteristics of debit cards EXCEPT:

A) payments are deferred until a later date B) they can be used like checks C) they eliminate the problem of trust since the bank's computer authorizes the transaction D) when used at a store, his bank instantly credits the store's account with the amount and deducts it from his account.

At the long-run equilibrium level of output, the monopolist's marginal cost will:

a. exceed price. b. equal price. c. be less than price. d. be less than marginal revenue.

Sugar and honey are viewed as substitutes for each other in many cooking applications. If the price of sugar rises, we would expect the:

a. demand for honey to increase. b. demand for honey to decrease. c. quantity demanded of honey to decrease. d. price of honey to decrease. e. quantity demanded of honey to increase.

The money multiplier:

A. Is the number of deposit dollars the banking system can create from $1 of excess reserves. B. Decreases as the required reserve ratio decreases. C. Is equal to excess reserves plus required reserves. D. Is equal to the required reserve ratio times transactions deposits.