At the Great Exhibition in London (1851), American products were a primary attraction because they were:
a. elegantly designed.
b. very long lasting.
c. cheap and functional.
d. handmade by skilled artisans.
c. cheap and functional.
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The velocity of money
A) is, according to the equation of exchange, equal to M/Y. B) indicates the number of times per year a dollar is spent on final goods and services. C) is, according to the equation of exchange, equal to P/M. D) indicates the speed with which the U.S. Treasury can mint new coins.
If not all goods are essential, a consumer will end up optimizing at a corner solution.
Answer the following statement true (T) or false (F)
Checkable deposits are funds immediately available from all of the following EXCEPT
A. banks. B. savings and loans. C. credit card companies. D. savings banks.
Explain two different ways to determine the profit-maximizing level of output for a firm in a perfectly competitive market
What will be an ideal response?