Consumers always prefer indifference curves that are ____ the origin
a. closer to
b. tangent to
c. farther from
d. concave relative to
c
You might also like to view...
An increase in the Japanese interest rate will ________ the supply of dollars and lead the dollar to ________
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
In France a loaf of bread costs 3 euros. In Great Britain a loaf of bread costs 4 pounds. If the exchange rate is .9 pounds per euro, what is the real exchange rate?
a. 4/2.7 loaves of British bread per loaf of French bread b. 3.6/3 loaves of British bread per loaf of French bread c. 3/3.6 loaves of British bread per loaf of French bread d. 2.7/4 loaves of British bread per loaf of French bread
If the foreign import demand curve intersects the home country's export supply curve in its horizontal portion, then:
a. the home country will suffer a loss from international trade. b. the home country will not gain from trade. c. the home country will gain from trade. d. the foreign country will not gain from trade.
Which of the following is a leading business cycle indicator?
A. the unemployment rate B. the volume of outstanding commercial loans C. new building permits D. personal income