The federal government's fiscal year begins on ______ of the preceding calendar year
a. January 1
b. April 15
c. October 1
d. December 31
c
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In the above figure, the economy is at point a on the initial supply of loanable funds curve SLF0. What happens if the interest rate rises?
A) There is a movement to a point such as b on supply of loanable funds curve SLF0. B) The supply of loanable funds curve shifts rightward to a curve such as SLF2. C) The supply of loanable funds curve shifts leftward to a curve such as SLF1. D) none of the above
The property of transitivity implies that a consumer always prefers to consume more of either good, holding the consumption of the other good constant
a. True b. False Indicate whether the statement is true or false
You could borrow $1,000 today from Bank A and repay the loan, with interest, by paying Bank A $1,060 one year from today. Or, you could borrow $1,500 today from Bank B and repay the loan, with interest, by paying Bank B $1,600 one year from today. Which of the following statements is correct?
a. The interest rate on the loan from Bank A is higher than the interest rate on the loan from Bank B. b. The interest rate on the loan from Bank A is lower than the interest rate on the loan from Bank B. c. The interest rates on the two loans are the same. d. There is not enough information to determine which loan has the higher interest rate.
Refer to the following graph.
The perfectly competitive firm depicted is currently:
A. incurring a loss that is larger than total fixed cost, and so the firm should shut down. B. earning positive economic profit. C. incurring a loss, but the loss is smaller than the firm's total fixed cost. D. earning zero economic profit.