The M2 definition of the money supply is based on the concept that
a. M1 is a small number, and should be increased in size.
b. many types of deposits can be used as both payments and stores of value.
c. checking deposits are used for payments, and therefore, not part of M1.
d. cash is not used for the majority of payments.
b
Economics
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The phenomenon known as the tragedy of the commons occurs whenever:
a. the private sector owns resources and manages them tragically. b. the government owns resources and manages them tragically. c. there is no ownership of resources, so they become depleted due to lack of management. d. two countries own the same resource and cannot agree on its management.
Economics
The major trade groups in South America are CAN and Mercosur.
a. true b. false
Economics