An individual's value for a good or service is the
a. The amount of money he or she used to pay for a good
b. The amount of money he or she is willing to pay for it
c. The amount of money he or she has to spend on goods
d. None of the above
b
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The Fed's first forward guidance in 2009 was framed in terms of keeping interest rates low
A) for an extended period. B) at least until a particular date in the future. C) based on outcomes for the unemployment rate and inflation rate. D) until the next Presidential election.
Reserve requirements for checking accounts are ____ those on time deposits.
A. higher than B. lower than C. the same as
Cartels are inherently self-destructive because each member firm has the incentive to cheat on the cartel agreement
What will be an ideal response?
The Heyerdahl index is a measure of:
A. Profitability in an industry B. The price level in an industry C. The costs in an industry D. Market power in an industry