All of the following have contributed to increased use of ATMs EXCEPT:
A) some banks charging customers for services performed by tellers than can be done by ATMs
B) some banks closing branches in low-income neighborhoods
C) ease by which customers can make use of ATMs to make deposits and withdrawals
D) increased use of debit cards for transactions
D
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Liz's marginal utility for two different goods is determined by
A) her average utility for the two goods. B) how much benefit she gets from another unit of each of those goods. C) summing her total utility from consumption of each good and then dividing by two. D) All of the above answers are correct.
Carolyn spends her income on popular magazines and music CDs. If the price of a CD is four times the price of a magazine and if Carolyn is maximizing her utility, she buys
A) four times as many CDs as magazines. B) both goods until the marginal utility of the last magazine purchased is four times the marginal utility of the last CD purchased. C) both goods until the marginal utility of the last CD purchased is four times the marginal utility of the last magazine purchased. D) four times as many magazines as CDs.
Variable costs increase when output rises
a. True b. False Indicate whether the statement is true or false
Why does a government impose controls or restrictions on converting domestic currency to foreign currency (capital controls)?
a. The government is trying to stop the rapid decline in value of the domestic currency. b. The government wants to speculate on its own currency c. The government is trying to suppress international trade d. The government is trying to avoid imposing taxes on citizens.