The purchase of a virtual item from an online company with a virtual currency causes the nation's:
a. Monetary base to fall.
b. M2 money supply to fall.
c. M2 money multiplier to remain the same.
d. M2 money supply to rise.
.C
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"Bootstrap financings" are buyouts financed by
A) the company managers' own assets. B) finance companies. C) junk bonds. D) new issuance of bonds.
The reason that a salaried salesman is not working diligently in making high margin sales for the principal could be
a. Adverse selection b. Moral hazard c. All of the above d. None of the above
The demand for a resource is generally more
a. elastic in the short run because it takes time to alter the ratio of resources used in many production processes. b. inelastic in the short run because it takes time to alter the ratio of resources used in many production processes. c. elastic in the short run because an increase in the price of the resource may not be expected to last. d. inelastic in the short run because once resource suppliers find out they can charge a higher price, they will do so in the long run.
Refer to the graphs shown. The relevant market is corn. The impact of a poor corn harvest on the market for corn would most likely be demonstrated by which graph?
A. Graph a B. Graph b C. Graph c D. Graph d