The opportunity cost of holding money is measured by the:
a. interest rate
b. liquidity lost by holding money.
c. money supply curve.
d. inflation rate.
e. cost of cashing in financial assets.
Answer: a. interest rate
Economics
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In the game in Scenario 13.6,
A) "Poison Pill" is a dominant strategy for Lawrence LLP. B) "Dump" is a dominant strategy for Lawrence LLP. C) "TurboTech" is a dominant strategy for ERS Co. D) "ZamboniTech" is a dominant strategy for ERS Co. E) No firm has a dominant strategy.
Economics
Farm share of U.S. GDP has:
A. declined from about 12 percent in 1950 to 1 percent today. B. declined from about 12 percent in 1950 to 7 percent today. C. declined from about 7 percent in 1950 to 1 percent today. D. remained relatively stable over the past 50 years.
Economics