Asset demand for money is holding money
A) as a medium of exchange to make payments.
B) to meet unplanned expenditures and emergencies.
C) to speculate on the stock market and bonds.
D) as a store of value instead of other assets.
D
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Suppose that a new drug has been approved to treat a life-threatening disease. The demand for that drug is shown on the graph below. Prior to approval of this drug, the only treatment for this condition was any one of several non-prescription, or over-the-counter, pain relievers. The demand for one brand of the several non-prescription pain relievers is also shown on the graph. 
At a price of $15 (the price at which the two demand curves intersect), the price elasticity of demand for the new drug is ________ the price elasticity of demand for the over-the-counter pain reliever.
A. less than B. the same as C. greater than D. the reciprocal of
Name the three types of unemployment
What will be an ideal response?
If a business firm is not operating at the point where MR = MC, then:
a. it should shut down. b. it will incur losses. c. it cannot be earning a profit. d. its profit is zero. e. it is not earning the maximum potential profit.
People who make the arguments that economic growth will deplete natural resources make the same assumption Malthus made about resources. What is that assumption? a. Natural resources will never run out because they are freely available from nature
b. Natural resources cannot be produced, so they are available in fixed quantities. c. That new technology will limit our dependence on natural resources so they won't be depleted. d. That the government will eventually step in to save the natural resources from depletion.