Suppose that banks pay 4 percent interest on checking accounts while U.S. Savings Bonds pay 6 percent interest. Under these conditions
A) no nonmonetary assets are willingly held.
B) a combination of money and nonmonetary assets are willingly held.
C) no money balances are willingly held.
D) we do not have sufficient information to tell whether or not any money balances are willingly held.
B
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On January 1, Rick's Photo owned $50,000 of equipment. During the year, the value of the equipment fell by $10,000, plus Rick bought $25,000 in new equipment. Rick's company experienced
A) an increase of net investment of $35,000. B) $40,000 of depreciation. C) $10,000 of depreciation. D) a change in total financial capital of $15,000. E) an increase of new capital by $10,000.
The contribution to total revenues coming from the next worker hired is
A) marginal product. B) marginal revenue product. C) total product. D) total revenues.