Credit cards are
A. Included in both the M1 and M2 definitions of the money supply
B. Included in the M1 definition of the money supply, but not in the M2 definition
C. Included in neither the M1 definition of the money supply nor in the M2 definition
Answer: C. Included in neither the M1 definition of the money supply nor in the M2 definition
Economics
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For a monopolist that is maximizing profits
A) price exceeds marginal cost. B) price equals marginal revenue. C) price equals average total cost. D) marginal revenue exceeds price.
Economics
A strategy that is better than any alternative strategy - regardless of what the other firm does - is called a:
A. Dominant strategy B. Nash strategy C. Positive-sum strategy D. Best strategy
Economics