Anything that can be used as a unit of measure, such as a coffee cup
Answer: Arbitrary units
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The median voter is:
A. the voter who has the median income policy among all voters. B. the voter who has the median policy among all voters. C. the voter who has the average policy among all voters. D. the voter who has the mean policy among all voters.
Everything else held constant, if the expected return on RST stock declines from 12 to 9 percent and the expected return on XYZ stock declines from 8 to 7 percent, then the expected return of holding RST stock ________ relative to XYZ stock and
demand for XYZ stock ________. A) rises; rises B) rises; falls C) falls; rises D) falls; falls
A bank failure occurs when a bank
a. cannot call in its loans b. spends all of its reserves c. is unable to meet its depositors' requests to withdraw funds d. cannot make any more loans e. makes bad loans
Thomas faces prices of $6 for a unit of good X and $30 for a unit of good Y. At his optimum, Thomas is willing to give up 1 unit of good Y for __________ units of good X
Fill in the blank(s) with correct word