U.S. farm household income in 2011 was:
A. Less than the average income for all households
B. About equal to the average income for all households
C. Above the national average income by about $18,000
D. Above the national average income by about $30,000
C. Above the national average income by about $18,000
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Which is larger: the present value of $1 two years from now or the present value of $1 one year from now? Explain
What will be an ideal response?
Why do firms in oligopoly face a temptation to collude?
What will be an ideal response?
Refer to Figure 13-3. What is the marginal revenue of the sixth unit of output?
A) $4 B) $5 C) $9 D) $54
Everything else held constant, an increase in the time deposit ratio will result in ________ in the M1 money multiplier and ________ in the M2 money multiplier
A) an increase; an increase B) no change; an increase C) a decrease; a decrease D) no change; a decrease