A debit card is
A) money because it is a means of payment.
B) not money but is used to transfer bank deposits which are money.
C) money because it is generally accepted as a means of payment.
D) not money because it is not officially issued by the government.
E) part of the M2 money supply but not part of the M1 money supply.
B
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Unemployment arising from job search is called:
A) disguised unemployment. B) frictional unemployment. C) structural unemployment. D) cyclical unemployment.
The above figure shows the market for pizza. Which figure shows the effect of a new report by the U.S. Surgeon General that eating pizza lowers cholesterol levels, an outcome many people want?
A) Figure A B) Figure B C) Figure C D) Figure D
A key factor that determines the geographic extent of a housing market is the distance that commuters are willing to travel from home to work
Which of the following events would NOT help to expand the geographic extent of the housing market in a metropolitan area? A) Price of gasoline declines B) State gasoline tax increases C) Public transit fares decrease D) none of the above
Suppose that a regulated industry experiences an increase in the price of inputs used to produce the good. Which of the following statements is TRUE?
A) Under both the capture theory and the share-the-gains, share-the-pain theory profits will decrease. B) An increase in price will occur quicker in the share-the gains, share-the-pain theory than the capture theory. C) An increase in price will occur quicker in the capture theory than the share-the-gains, share-the-pain theory. D) In the capture theory there will be an increase in price but not in the share-the-gains, share-the-pain theory.