1. m1 includes more than just currency because
a. people hold money as other stores of value such as savings accounts and money market mutual funds.
b. other assets can also be used to make transactions to buy goods and services.
c. the federal mint makes a profit from printing currency as dollar bills.
d. the government wants to be able to quote that there is a large amount of money in the economy.
2. the amount of u. s. currency outstanding averages to about $2,800 per person in the u. s. this large amount of currency per person can be partially explained because
a. many u. s. dollars are held outside of the country by foreigners.
b. most people carry large quantities of currency in their wallets and purses.
c. rich people hold massive amounts of currency in vaults and safes, which makes the average large.
d. all of the above.

About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product