Lisa eats both pizzas and burritos. If the price of a pizza increases, Lisa's opportunity set
A) becomes larger.
B) becomes smaller.
C) is unchanged.
D) cannot be determined without more information.
B
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In a fixed exchange rate system, an increase in the exchange rate at which a currency is pegged is called a(n)
A) devaluation. B) revaluation. C) depreciation. D) appreciation.
The demand curve facing a firm is also the firm’s
A. total utility curve. B. average revenue curve. C. average utility curve. D. total revenue curve.
If you initially pay $1,000 for a bond with an annual interest rate of 5 percent, but then the market interest rate falls to 4 percent
A) the market price of the bond is still $1,000. B) the bond's annual interest payment remains equal to $50. C) the market price of the bond has increased. D) the market price of the bond has decreased.
A vertical demand curve has an elasticity of demand equal to zero
a. True b. False Indicate whether the statement is true or false