Income is distributed very unequally in ________ and very equally in ________
A) Finland and South Africa; Brazil and Sweden
B) Brazil and South Africa; Finland and Sweden
C) Finland and Sweden; Brazil and South Africa
D) Brazil and Sweden; Finland and South Africa
B
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Suppose the intersection of the IS and LM curves is to the left of the FE line. A decrease in the price level would most likely eliminate a disequilibrium among the asset, labor, and goods markets by
A) shifting the LM curve down and to the right. B) shifting the IS curve up and to the right. C) shifting the IS curve down and to the left. D) shifting the FE curve to the left.
For complements, cross price elasticity of demand is:
a. Negative b. Positive c. between zero and one only d. zero.
The use of financial leveraging on mortgage backed securities played a central role in the 2008 financial crisis
a. True b. False Indicate whether the statement is true or false
Have you ever gone to an auction? You see people bidding against each other for a good, such as an oil painting. As the bidding price inches upward, people drop out of the bidding process. Why? Because for the people dropping out, the
a. ratio of marginal utility to price of the good increases beyond the ratio of other goods b. marginal utility per dollar of the good increases beyond the marginal utility per dollar of other goods c. marginal utility per dollar of the good decreases below the marginal utility per dollar of other goods d. marginal utility of the good falls to zero e. ratio of marginal utility to price of the good falls to zero