The difference between a firm's assets and its liabilities is known as:

Which of the following is true of M1? a. It is equal to M2

b. It consists of all near-monies. c. It consists of certificates of deposit. d. It is the broader definition of money. e. It is only a fraction of M2.

Which of the following statements is true?

A. In a command economy, consumers answer the questions of what to produce, how to produce it, and how to distribute it. B. In command economies consumers still exercise choice. C. Planned economies have fared very well in recent years, with many of these economies thriving. D. Command economies operate the most efficiently because the government makes all the production decisions.