Credit cards are money because they serve the three functions of money
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values {$14, $13, $12, $11, $10, $9, $8, $7, $6, $5, $4,}. Assume no transaction costs and a competitive market. At the optimal bid, ask spread, what is the total profit that the market maker makes?
a. $8 b. $12 c. $18 d. $20
Economics
New growth theorists believe that increased economic growth is primarily driven by: a. higher level of savings
b. higher level of capital investments. c. increased foreign investment. d. technological innovation and ideas.
Economics