The demand curve for a perfectly competitive industry is
A) downward sloping.
B) horizontal.
C) vertical.
D) upward sloping.
Answer: A
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By issuing checks, debit cards, and credit cards, banks:
a. increase the transaction costs in the economy. b. decrease the transaction costs in the economy. c. increase the liquidity of assets in the economy. d. decrease the liquidity of assets in the economy.
Which of the following about economic freedom is true?
a. In 1960, the per capita income levels of Hong Kong and Singapore were greater than those of the United States and Canada. b. The economies of Hong Kong and Singapore have grown slowly in recent decades. c. Economic freedom ratings indicate that both Hong Kong and Singapore rank among the world's freest economies. d. Economic freedom ratings indicate that Nigeria and Venezuela rank among the world's freest economies.
Refer to the information provided in Figure 17.1 below to answer the question(s) that follow. 
Figure 17.1 Refer to Figure 17.1. Dmitri has two job offers when he graduates from college. Dmitri views the offers as identical, except for the salary terms. The first offer is at a fixed annual salary of $40,000. The second offer is at a fixed salary of $20,000 plus a possible bonus of $40,000. Dmitri believes that he has a 50-50 chance of earning the bonus. Dmitri's expected utility from the first job offer is ________ and it is ________ from the second job offer.
A. 180; 160 B. 180; 110 C. 90; 160 D. 180; 210
All else held constant, an increase in the price of tablets will result in a
A. decrease in the demand for tablets. B. leftward shift of the demand curve for tablets. C. movement up and to the left along the demand curve for tablets. D. rightward shift of the demand curve for tablets.