Takumi decides to hold on to his money instead of putting it in an interest-bearing savings account. Which of the following most likely caused him to do this?
a. Interest rates dropped.
b. Interest rates soared.
c. The bank eliminated penalties for early withdrawals.
d. The banks opened a more convenient branch.
a. Interest rates dropped.
You might also like to view...
In the long-run, a firm in monopolistic competition has
A) a price that exceeds its average total cost. B) a price that exceeds its marginal cost. C) an average total cost that exceeds its price. D) a marginal cost that exceeds its price.
Suppose that Jesse Eisenberg had been offered a bigger and better part in another movie and that to hire him for The Social Network, the producer had to double Jesse's pay
What incentives would have changed? How might the changed incentives have changed the choices that people made?
The market labor supply curve is the sum of
a. individual labor supply curves at each wage rate b. the upward-sloping portions of individual labor supply curves c. the downward-sloping portions of individual labor supply curves d. the average of all individual labor supply curves e. individual labor supply curves at each net utility for market work
There is no difference between building a theory and evaluating a theory
Indicate whether the statement is true or false