Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.
Figure 6.14Refer to Figure 6.14. If the price of an ice cream cone is $2, the price of ice cream sandwiches is
A. $2.
B. $3.
C. $50.
D. $100.
Answer: B
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The financial systems of __________ have major firms working all their external financing through a single bank
A) Japan and the United Kingdom B) the United States and the United Kingdom C) Germany and the United Kingdom D) Japan and Germany
Monopolistic competition is an inefficient market structure because
a. price exceeds marginal cost. b. it has a deadweight loss, just as monopoly does. c. at the equilibrium, some consumers will value the good at more than the marginal cost of production. d. All of the above are correct.
An increase in the supply of wheat in the United States is most likely to result from:
a. A decrease in the amount of subsidies that wheat farmers receive from the government b. An increase in the cost of machinery for harvesting wheat c. An increase in the price of wheat d. A change in farming technology that improves the soil for wheat
Which of the following definitions of the money supply includes only the most liquid forms of money?
A. M1 B. M2 C. Savings deposits D. Money market mutual deposits