When there is no ________ advantage, there is no benefit from trading.

How have financial innovations such as direct deposit of paychecks, electronic payment of bills, and automated teller machines (ATMs) affected the velocity of money and the demand for real money balances?

What will be an ideal response?

The statement that "coal miners are paid more than workers with similar levels of education" is likely to reflect the fact that

a. coal mining is a declining industry. b. coal mining jobs are potentially more dangerous than jobs with comparable education requirements. c. all coal mines use nonunion labor. d. coal imports are rising.