A debit card
A. is considered part of M1.
B. is just like credit card in that you pay for it with a check at a later time.
C. purchase takes money out of your checking account.
D. is considered part of M2.
C. purchase takes money out of your checking account.
Economics
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Markets can fail when there is
A) a clear definition of property rights. B) common property. C) an absence of externalities. D) competition.
Economics
The government has just passed a law requiring that all residents earn the same annual income regardless of work effort. This law is likely to
a. increase efficiency and increase equality. b. increase efficiency but decrease equality. c. decrease efficiency but increase equality. d. decrease efficiency and decrease equality.
Economics