Refer to Figure 11-1. Diminishing marginal returns is illustrated in the per-worker production function in the figure above by a movement from
A) B to C. B) C to D. C) D to C. D) A to C.
D
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What is the rate of return on a bond with a coupon of $55 that was purchased for $900 and sold one year later for $950?
A) 5.56% B) 6.11% C) 11.67% D) 12.43%
The manager of a large luxury hotel chain is currently negotiating a four year contract with a linens supplier. The linens company will supply fresh laundered bedding and towels to the hotel over a four year period; however, the hotel chain can ends its contract with the linens company at the end of the first, second, or third years if the linens company does not supply quality linens. The
manager of the hotel chain should be most concerned about the quality of linens in which year? A) the first year B) the second year C) the fourth year D) the third year
Suppose equilibrium income in an economy decreases by $600 as a result of a change in government spending. If the multiplier is 3, what is the change in government spending?
a. Government spending will decrease by $1,800. b. Government spending will decrease by $600. c. Government spending will decrease by $200. d. Government spending will increase by $400. e. Government spending will increase by $1,200.
Banks would be expected to minimize holding excess reserves because this practice is:
a. illegal. b. not profitable. c. technically difficult. d. subject to a stiff excess reserves tax.