A change in the discount rate is likely to occur
A) after a change in the Treasury bill rate.
B) after a change in the Treasury bond rate.
C) before a change in the federal funds rate.
D) before a change in the inflation rate.
A
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An increase in the Japanese interest rate will ________ the supply of dollars and lead the dollar to ________
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
The overall mortality rate in the United States has remained fairly constant for the past 30 years
Indicate whether the statement is true or false
Measuring "y" on the vertical axis and "x" on the horizontal axis, convexity of indifference curves implies that the MRS of "y" for "x"
A) is decreasing as "x" increases. B) is increasing as "x" increases. C) is constant as "x" increases. D) cannot be calculated for large levels of "x".
The optimal level of resource use comes when
a. MRP exceeds input price. b. MRP is less than input price. c. MRP equals input price. d. use of the resource exhausts the producer's funds.