The least responsive to interest rate changes is the ____ demand for money.
A. transactions
B. precautionary
C. speculative
B. precautionary
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Figure 5-17
In Figure 5-17, the consumer would prefer
A. D to C. B. B to D. C. C to B or A. D. D to A but not B.
"I'm tired of eating muffins for breakfast. Today, I'm trying a bagel." These statements most clearly reflect the:
a. law of increasing returns to scale. b. second law of demand. c. law of diminishing marginal utility. d. law of comparative advantage.
When Japanese investors who own hotels in Hawaii receive profits from their hotel operations, the receipt of such profits is recorded in the balance of payments as a
a. current account item. b. financial account item. c. settlement account item. d. unilateral transfer.
Which are friendships which cause the development of in-groups and out-groups?
a. unions b. fraternities c. vertical-dyad linkages d. group contributions