Based on this production possibilities curve, what is the highest grade that can be earned in either class?
a. 100%
b. 95%
c. 85%
d. 75%
b. 95%
Economics
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The observation that people tend to value something more highly when they own it than when they don't is called the
A) endorsement effect. B) endowment effect. C) path-dependent effect. D) wealth effect.
Economics
Since 1970 there has been a huge increase in the relative importance of __________ as a source of bank funds
A) negotiable CDs B) time deposits C) foreign deposits D) transactions deposits
Economics
The larger the proportion of the consumer's budget that is spent on a product, the more elastic that consumer's demand for the product will be
a. True b. False
Economics
If the price index in 2015 is 132 and the price index in 2016 is 114, the rate of inflation between 2015 and 2016 is
A. -13.6%. B. -5.8%. C. 6.4%. D. 15.8%.
Economics