In an economy, investment is most likely to be dependent on:
A) the short-run real interest rate. B) the long-run real interest rate.
C) the long-run nominal interest rate. D) the short-run nominal interest rate.
B
Economics
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If the market ratio of silver to gold is 16 to 1 and the mint ratio is 15 to 1,
a. people will cease to use gold and silver as money. b. the Treasury will be forced to issue paper money. c. gold is undervalued at the mint. d. silver is undervalued at the mint.
Economics
If the government wants a natural monopoly to earn a "fair return" or zero economic profit, it will set
a. price equal to marginal cost b. price equal to average total cost c. price equal to average revenue d. marginal cost equal to marginal revenue e. marginal cost equal to average total cost
Economics