Which of the following best completes the statement? If people increase their currency holdings, all else the same, the monetary base:
A. decreases as does the quantity of M2.
B. does not change and neither does M2.
C. does not change but the quantity of M2 will decrease.
D. increases as does the quantity of M2.
Answer: C
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The term "industry concentration":
A) refers to the degree of product differentiation in an industry. B) is a measure of how many firms produce the total output of an industry. C) refers to how capital or labor intensive a particular industry is. D) is a measure of how many customers purchase the total output of an industry.
Aggregate concentration can be interesting political effects more than for economic effects
Indicate whether the statement is true or false
When accounting profits are negative, economic profits
A) must be positive. B) will be negative. C) will equal zero. D) could be positive, negative or zero.
Which of the following helps explain why more people don't immigrate to rich countries?
A. It's difficult due to the immigration restrictions of rich countries. B. The language barrier is too great. C. Educational degrees are not recognized. D. The strain of leaving some family behind is too stressful.