What are the three motives for holding money?
A) the medium of exchange motive, the store of value motive, and the unit of account motive
B) the transaction motive, the speculative motive, and the liquidity motive
C) the transaction motive, the investment motive, and the liquidity motive
D) the transaction motive, the speculative motive, and the precautionary motive
Ans: D) the transaction motive, the speculative motive, and the precautionary motive
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________ exists because unlimited wants exceed the limited resources available to fulfill those wants
A) Productive efficiency B) Scarcity C) Economic growth D) The command economy
Which of the following is a macroeconomic question?
A. Should we have a constitutional amendment requiring the government to implement a national consumption tax to replace the current income tax? B. Why did a leading computer manufacturer establish call centers in India? C. Why does a pharmaceutical manufacturer try to lower its production costs? D. Should the government put a tax on alcohol in an attempt to assist in the funding of support groups like Alcoholics Anonymous?