Which of the following is a store of value?
a. cash and stocks
b. cash but not stocks
c. stocks but not cash
d. neither cash nor stocks
a
You might also like to view...
Because a competitive firm is a price taker, it faces a demand curve that is:
a. perfectly inelastic. b. relatively inelastic. c. relatively elastic. d. perfectly elastic.
If a country has a balance of payments deficit and wishes to maintain the fixed value of its currency, it will generally
a. sell its own currency for foreign currencies. b. buy its own currency with foreign reserves. c. decrease taxes to increase domestic disposable income. d. increase the money supply to keep interest rates down.
Which of the following holds true at the chosen level of output in the long run for firms in a perfectly competitive market?
A. P = MC B. P = minimum AVC C. MR = AVC D. MR > ATC
Would a law that required the federal government to balance the budget on an annual basis contribute to more or less stability in the economy? Why?
What will be an ideal response?