Author Question: The equilibrium price of credit card services is A) the real quantity of money. B) determined ... (Read 35 times)

tfester · **on:** Jun 30, 2018

The equilibrium price of credit card services is

A) the real quantity of money.
B) determined only by the demand for credit card services.
C) the nominal interest rate.
D) equal to the average cost of credit card services.

Question 2

In the model of public goods, when the government chooses public goods provision optimally

A) there is no public goods production.
B) public goods are provided in an amount equal to private goods.
C) the marginal rate of substitution of private goods for public goods equals the marginal rate of transformation.
D) GDP is maximized.