Which of the following is NOT commonly regarded as an emerging nation?
A. India
B. China
C. Bangladesh
D. Mexico
Answer: C
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A popular shoe company has a 'buy one, get one half price' offer in which customers who purchase one pair of shoes can purchase a second pair at half price. This is an example of ________ and is ________.
A) price discrimination; only illegal if the practice substantially lessens competition or tends to create a monopoly B) conditional sales; only illegal if the practice substantially lessens competition or tends to create a monopoly C) price discrimination; always illegal per se D) conditional sales; always illegal per se
The present value of $1 payable in the future decreases
a. the higher r is and the sooner it is to be paid. b. the lower r is and the sooner it is to be paid. c. the higher r is and the longer time until it is paid. d. the lower r is and the longer time until it is paid.
Suppose the equilibrium price of oranges is $0.79 an orange, but government takes steps to prevent the price from exceeding $0.60 an orange. The likely result will be a:
A. shortage of oranges as the price ceiling keeps the market from reaching equilibrium. B. higher equilibrium price for oranges as the demand curve for oranges shifts to the right. C. lower equilibrium price for oranges as the supply curve for oranges shifts to the right. D. surplus of oranges as the price ceiling keeps the market from reaching equilibrium.
When the Fed unexpectedly increases the money supply, it will cause an increase in aggregate demand because
a. real interest rates will fall, stimulating business investment and consumer purchases. b. the dollar will appreciate on the foreign exchange market, leading to a decrease in net exports. c. lower interest rates will tend to decrease asset prices (for example, stock prices), which decreases wealth and, thereby, decreases current consumption. d. the general level of prices will fall, which will increase the disposable income of households.