Credit cards should be included in M1 because they are just like checks
a. True
b. False
Indicate whether the statement is true or false
False
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As the number of days without rain increases, the amount of wheat grown per acre declines. A graph showing this relationship shows
A) a vertical line. B) a positive relationshi
Suppose a plaintiff hires a lawyer to represent her in a court case. Under which of the following contracts is efficiency in risk bearing assured?
A) The lawyer is paid by the hour. B) The lawyer receives a share of the settlement. C) The lawyer receives a fixed fee. D) It is impossible to determine without the degree of risk aversion for each.
For an individual who consumes only two goods, x and y, the opportunity cost of consuming one more unit of x in terms of how much y must be given up is reflected by:
a. the individual's marginal rate of substitution. b. the market prices of x and y. c. the slope of the individual's indifference curve. d. none of the above.
A low concentration ratio would most likely indicate
A. a low degree of oligopolization. B. that the industry measured is a monopoly. C. that the industry measured is a perfect competitor. D. None of the choices are true.