Saving is negative when disposable income is less than
A. 2000.
B. 3000.
C. 4000.
D. 5000.
C. 4000.
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As an exchange rate regime, target zones would be classified as
A) splitting the difference between fixed and flexible. B) a flexible exchange rate policy. C) a fixed exchange rate policy. D) a currency basket.
In a perfectly competitive market buyers want to buy 20,000 units and sellers want to sell 20,000 units of a product when the price is $50 per unit. ABC Corporation, one seller in this market,
A. will sell a fixed number of units regardless of how the price changes. B. faces a downward-sloping demand curve for its product. C. will maximize profit by selling at a price less than $50. D. faces a perfectly elastic demand curve at a price of $50.
Which of the following is an example of the law of demand?
A. A decrease in the price of tea is followed by a decrease in tea purchases. B. An increase in the price of tea has no effect on the amount of tea purchased. C. A decrease in the price of tea is followed by an increase in tea purchases. D. The amount of tea purchased increases when the price is constant.
A natural monopoly occurs when
A. there are high fixed costs and continuously decreasing average total costs. B. there are continuously decreasing average total costs. C. there are high fixed costs. D. there are continuously increasing marginal costs.