Wendy retails motor homes, which she buys for a sum that does not vary with the number she purchases from the manufacturer. She can sell eleven per week at $40,000 . If she limits sales to ten, she can charge $41,000 each. She will sell eleven per week if the cost of each vehicle is no more than
a. $20,000.
b. $30,000.
c. $40,000.
d. $41,000.
b
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Which of the following U.S. Treasury securities represents ownership of the national debt?
a. Bonds owned by private individuals. b. Bonds owned by the Social Security Administration. c. All of the answers are correct. d. Bonds owned by the banks and insurance companies.
In 2001, Congress and President Bush instituted tax cuts. According to the short-run Phillips curve, in the short run this change should have
a. reduced inflation and unemployment. b. raised inflation and unemployment. c. reduce inflation and raised unemployment. d. raised inflation and reduced unemployment.
Other things being equal, the effects of a decrease in the price of orange juice, is represented by which of the following?
A. A rightward shift in the demand curve for orange juice. B. An increase in the quantity demanded for orange juice. C. A leftward shift in the demand curve for orange juice. D. A decrease in the quantity demanded orange juice.
Among the assets of commercial banks are excess reserves.
Answer the following statement true (T) or false (F)