Money serves as a store of value, which means:
a. it acts as an intermediary between the buyer and the seller.
b. it will still hold its value.
c. it is the ruler by which other values are measured.
d. it must also be acceptable to make purchases today that will be paid in the future.
b. it will still hold its value.
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A production possibilities curve shows the:
a. dollar costs of producing two different goods. b. amounts of labor and capital needed to produce one good. c. various combinations of goods that can be produced. d. prices of different goods that are produced in an economy. e. inefficient use of available resources and technology.
Assume that we want to drive our economy out of recession by generating a $400 billion change in real GDP. The MPC is 0.80. Which of the following policy prescriptions would generate the targeted $400 billion change in income?
A. $120 billion increase in government spending and $50 billion increase in tax revenue. B. $140 billion increase in government spending and $70 billion increase in tax revenue. C. $160 billion increase in government spending and $120 billion increase in tax revenue. D. $220 billion increase in government spending and $100 billion increase in tax revenue.
Who selects the board of directors of a corporation?
A) the state where the corporation is chartered B) employees C) stockholders D) managers
A lawyer who agrees to take as compensation a percentage of any judgment or settlement is
A. typically only employed as a defense attorney. B. a contingency attorney. C. violating the legal profession's code of ethics. D. all of the options are correct.