Credit cards are
A) not money.
B) not money, because they can't be used to purchase goods and services.
C) considered to be money.
D) counted as a part of M2 but not M1.
Ans: A) not money.
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Refer to Figure 2-8. Which country has a comparative advantage in the production of pineapples?
A) Costa Rica B) Guatemala C) They have equal productive abilities. D) neither country
A firm's marginal resource cost curve is
a. horizontal only if the firm is a price taker in the product market b. horizontal only if the firm is a price taker in the resource market c. vertical only if the firm is a price taker in the product market d. vertical only if the firm is a price taker in the resource market e. horizontal only if the firm is a price taker in both the product and resource markets