Successful entrepreneurs
What will be an ideal response?
provide new products and job opportunities for others.
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Suppose that there are only three consumers of a product. At a price of $6 per unit, the first consumer would buy 12 units of the product, the second consumer would buy 8 units, and the third consumer would buy 3 units of the product
If you drew a market demand curve for this product, the quantity demanded at a price of $6 would be A) 23 units. B) 20 units. C) 12 units. D) 11 units.
The Treasury bill auction is over when the market reaches the
A) highest bid. B) stop-out price. C) discount price. D) optimal price.
All else equal, more investment takes place at
A. lower market interest rates. B. higher market interest rates. C. higher real interest rates. D. higher nominal interest.
The measured distribution of income today appears more unequal than in the 1950s partly because of: a. an increase in the rate of divorce
b. an increase in the number of two-income families. c. a reduction in the divorce rate. d. both (a) and (b).