When aid is in the form of free or remarkably reduced priced goods, it is known as:
A. goods in-kind donations.
B. consumable donations.
C. freebies.
D. direct donations.
Answer: A
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Suppose that the interest rate is greater than the equilibrium interest rate. Which of the following occurs?
I. There is an excess quantity of money. II. The quantity of money automatically increases. III. The interest rate falls. A) I B) I and II C) I and III D) I, II and III
According to the new classical view, if the money supply and prices fall but output remains the same indicates that
a. expectations must be adaptive. b. this change in the money supply was anticipated. c. aggregate supply must have shifted upward. d. none of the above can explain this.
Four possibilities are equally likely and have payoffs of $2, $4, $6, and $8 . The expected value is:
a. $5 b. $6 c. $7 d. $8
If AVC is subtracted from the ATC, the result is: a. economic profit
b. accounting profit. c. average fixed cost. d. marginal cost.