Non-profit organizations may
a. issue stock.
b. provide goods and services to members.
c. pay income taxes.
d. pay dividends.
Ans: b. provide goods and services to members.
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From 2008-2009 the Federal Reserve created a very large increase in the money supply. According to the short-run Phillips curve this policy should have
a. raised inflation and unemployment. b. raised inflation and reduced unemployment. c. reduced inflation and raised unemployment. d. reduced inflation and unemployment.
The total utility of water is
A. lower than the total utility of diamonds, but the marginal utility is higher. B. the same as the total utility of diamonds, but the marginal utilities are the same. C. lower than the total and marginal utility of diamonds. D. higher than the total utility of diamonds, but the marginal utility of diamonds is higher.
________ inflation is more stable than ________ inflation, because it excludes food and gasoline prices.
A. Core; headline B. Nominal; core C. Headline; core D. Core; nominal
In Washington, D.C., there are many coffee shops, each offering nearly identical coffee but each shop is located in a different place around the city. It is likely a coffee shop in Washington, D.C., operates in a(n):
A. perfectly competitive market. B. monopolistically competitive market. C. monopoly market. D. oligopoly market.