In the short run, which of the following is most likely a variable cost?
A. Interest payments on borrowed funds.
B. Contractual lease payments.
C. Labor and raw materials costs.
D. Property taxes.
Answer: C
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When currency outstanding increases,
A) gold certificates rise. B) the money supply increases. C) Fed assets increase. D) bank deposits at the Fed decrease.
Changes in the quality of some goods and services, such as electromechanical calculators, are thought to give a downward bias to the consumer price index
a. True b. False Indicate whether the statement is true or false
The Standard Oil trust
A. behaved "badly" according to the Supreme Court. B. was broken up in 1890. C. was forced by the Supreme Court to give payments on every shipment of oil it refined to its rivals. D. was a multinational corporation.
Although Europe is not an OCA, some areas in the European Union would probably meet the criteria. Which of the following would meet them?
A) France, Sweden, and Denmark B) the former Eastern bloc nations of Yugoslavia, Romania, and Bulgaria C) the Netherlands, Denmark, and Britain D) Italy, Germany, Austria, Belgium, the Netherlands, and Luxembourg