Are "smart cards" or E-cash cards part of the money supply?
a. Yes, because they can be given away to make a payment.
b. Yes, because they will soon completely replace cash.
c. No, because they are not issued by banks.
d. No, because they are merely means to transfer checking deposits.
D
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The United States has had a long history of work time lost due to worker strikes. This trend has
A. increased over time. B. decreased over time. C. stayed relatively constant during the past century. D. been less of a problem compared to other countries such as Japan.
All of the following can cause conflict between divisions EXCEPT
a. Coordination between divisions does not benefit all divisions equally b. managers of profit centers care too little about the effects of their decisions on other divisions c. corporate executives reward managers based on firm profitability instead of divisional profitability d. corporate executives cannot tell when one divisional manager's decisions are appropriate or not
Other things equal, a decrease in the cost of capital would be associated with an upward shift of the investment function and, hence, with a rise in aggregate expenditures
a. True b. False Indicate whether the statement is true or false
You and your college roommate eat three packages of Ramen noodles each week. After graduation last month, both of you were hired at several times your college income. You still enjoy Ramen noodles very much and buy even more, but your roommate plans to buy fewer Ramen noodles in favor of foods she prefers more. When looking at income elasticity of demand for Ramen noodles,
a. yours would be negative and your roommate's would be positive. b. yours would be positive and your roommate's would be negative. c. yours would be zero and your roommate's would approach infinity. d. yours would approach infinity and your roommate's would be zero.