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Can You Help ( Multiple Choice )?

Question 31 (Multiple Choice Worth 2 points)
[02.04] The most liquid form of money is
savings bonds.
stock shares.
certificates of deposit.
cash.
Question 32 (Multiple Choice Worth 2 points)
[01.02] Your friend wanted a cell phone and an mp3 player for birthday gifts. When his mom said he could only have one, he chose the cell phone. His opportunity cost is the
cell phone.
price of the cell phone.
mp3 player.
price of the mp3 player.
Question 33 (Multiple Choice Worth 2 points)
[05.02] Competition is the driving force behind innovation and growth in a
market economy.
traditional economy.
demand economy.
command economy.
Question 34 (Multiple Choice Worth 2 points)
[05.05] The governments of the United States, Mexico, and Canada created the North American Free Trade Agreement in order to
remove barriers to trading products between the three countries.
increase the prices on products common to all three countries.
prevent each of the three from trading with other countries.
decrease growth in South America’s developing countries.
Question 35 (Multiple Choice Worth 2 points)
[03.04] The level of competition least beneficial to consumers is
oligopoly.
monopoly.
pure competition.
monopolistic competition.
Question 36 (Multiple Choice Worth 2 points)
[03.04] An example of a product with a purely competitive market is
shampoos.
peaches.
shirts.
cars.
Question 37 (Multiple Choice Worth 2 points)
[05.06] High inflation in the United States would most likely have
a negative impact on the U.S. dollar exchange rate.
a positive impact on the U.S. dollar exchange rate.
a negative impact on the Gross National Product.
a positive impact on the Gross National Product.
Question 38 (Multiple Choice Worth 2 points)
[03.04] The most common form of nonprice competition is
collusion.
advertising.
diversification.
specialization.
Question 39 (Multiple Choice Worth 2 points)
[04.04] The monetary policy tool in use on a daily basis is
tax law.
the discount rate.
the reserve requirement.
open market operations.

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