Making more frequent, but smaller cash withdrawals from banks ________ the inflation losses from holding cash and ________ the shoe leather costs of inflation.
A. reduces; increases
B. increases; increases
C. reduces; has no impact on
D. increases; reduces
Answer: A
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If producers must receive a higher price to be induced to produce any quantity, we can conclude that
A) supply decreased. B) demand decreased. C) both supply and demand increased. D) demand increased.
An example of a capital resource is: a. stock in a computer software company
b. a bond issued by a company selling electric generators. c. a dump truck. d. an employee of a moving company.
The law of diminishing marginal utility states that it is impossible to produce more of one good without decreasing the quantity produced of another good
a. True b. False Indicate whether the statement is true or false
Because of the book, The Other America, Michael Harrington was important in beginning the
A. Peace Corps. B. “War on Poverty.” C. regulation of industry. D. Environmental Protection Agency.