A book that sells new for $125 will typically sell used for around
A. $50.
B. $100.
C. $25.
D. $75.
Answer: B
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If there is an excess demand for money, individuals ________ bonds, causing interest rates to ________
A) sell; rise B) sell; fall C) buy; rise D) buy; fall
According to Keynesian economics, fiscal policy should be coordinated to create a surplus during economic expansions
a. True b. False Indicate whether the statement is true or false
"The second glass of zinfandel was very good," said Ian McDonald. "May I have another?" Which of the following is true with respect to Ian's comment and his request for another glass?
a. The MU of the second glass is negative. b. The MU of the second glass is less than the MU of the first glass. c. The MU of the third glass is positive. d. The MU of the third glass is negative. e. The MU of the fourth glass is positive.
When oligopolists join together in a cartel, they
A. have chosen to ignore interdependence. B. have admitted that their behavior is interdependent. C. are planning to violate the law of supply and demand. D. are trying to behave like perfect competitors.