Which actor in the simplified circular flow model buys or rents land, labor, and capital?

A rise in real income will have which of the following effects on money demand?

a. The money demand curve will shift out. b. The money demand curve will not shift at all. c. The money demand curve will shift in. d. Real income has no effect on money demand.

According to your textbook, what is the general rule to follow in order to maximize net revenue?

A) Take any action if, but only if, the expected marginal revenue exceeds the expected marginal cost. B) Take any action you expect will not be copied by your competitors. C) Take as many innovative actions as you can, and leave the copying up to smaller firms in the market because they are least likely to increase their market share. D) Charge the lowest possible price.