Which of the following is an advantage of money over barter?
A. Permits more specialization of labor
B. Does not require a double coincidence of wants
C. Reduces transactions and storage costs
D. All of the choices are advantages of money.
D. All of the choices are advantages of money.
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When Joe's disposable income is $50,000, his consumption expenditure is $45,000, and when his disposable income is $60,000, his consumption expenditure is $53,000. Joe's marginal propensity to consume is
A) 100. B) 1.25 C) 80. D) 0.80. E) $8,000.
The largest category of capital-market instrument is
A) corporate stock. B) large-denomination negotiable certificates of deposit. C) U.S. government securities. D) commercial and consumer loans.
Which of the following is a test of the statistical significance of the entire regression equation?
A) t-test B) R2 C) F-test D) Durbin-Watson test
Refer to Scenario 2.1. If P = $25, which of the following is true?
A) There is a surplus equal to 30. B) There is a shortage equal to 30. C) There is a shortage, but it is impossible to determine how large. D) There is a surplus, but it is impossible to determine how large.