Which one of the following will cause velocity to increase?
a. a decrease in interest rates
b. increasing the efficiency of the payments system
c. switching from weekly to monthly payroll checks
d. an increase in the money supply
b
Economics
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In economic analysis, air pollution, water pollution, and scenery destruction are considered to be
A) externalities. B) internalities. C) private costs. D) opportunity costs.
Economics
Assume the total product of two workers is 200 and the total product of three workers is 300. The three workers' average product is ________ while the third worker's marginal product is ________.
A. 40; 80 B. 100; 100 C. 80; 40 D. 300; 200
Economics