When interest rates fall in the United States (with the price level fixed), the value of the dollar ________, domestic goods become ________ expensive, and net exports ________
A) falls; less; fall
B) falls; less; rise
C) falls; more; fall
D) rises; less; fall
B
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In auctions, the winner always pays a price equal to the highest (his) bid
Indicate whether the statement is true or false
This table shows the different combinations of goods that Jack can consume, given that his income to spend on these two items is $10.
Considering the information in the table shown, the bundle of goods that will derive the highest total utility for Jack is:
A. E.
B. B.
C. C.
D. D.
Which of the following is NOT a necessary condition for price discrimination?
A) preventing resale of the product B) downward sloping demand curve C) separating markets for the good D) having a constant marginal cost
As John's income has increased, he has purchased less instant noodles. Instant noodles are
A. an inferior good for John. B. not following the law of demand. C. not scarce for John. D. a normal good for John.