Which statement about money is most correct?
A) Money is a new invention and only includes dollar bills and coins.
B) Money is a new invention and can include anything that is accepted as a means of payment.
C) Money has been around for a long time and can include anything that is accepted as a means of payment.
D) Money has been around for a long time and only includes dollar bills and coins.
E) Money has been around for a long time and only includes checking and savings accounts.
C
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If the demand-side effects of supply-side tax cuts are greater than the supply-side effects, then we can expect the result to be a(n)
a. decrease in output and prices. b. decrease in output and an increase in prices. c. increase in output and prices. d. increase in output and a decrease in prices.
According to the law of increasing costs, as a textile company spends more money to eliminate dust particles from the workplace to increase worker safety
A. the cost of reducing 70 percent of the dust in the factory will be the same as the cost of reducing the first 50 percent of the dust in the factory. B. the cost of reducing 70 percent of the dust in the factory will be less than the cost of reducing the first 50 percent of the dust in the factory. C. the cost of reducing 70 percent of the dust in the factory will be greater than the cost of reducing the first 50 percent of the dust in the factory.
Assume that Dusty has $30 in income, the price of a loaf of bread is $1.50, and the price of a jar of peanut butter is $3. If Dusty's income rises to $45, Dusty can now buy a maximum of ________ loaves of bread or a maximum of ________ jars of peanut butter.
A. 15; 30 B. 30; 15 C. 5; 25 D. 10; 40
The AFC curve is
A. J.
B. K.
C. L.
D. M.