Suppose Sue's buys a good for $60 on eBay. If the consumer surplus from the sale is $25, Sue would have been willing to pay:
a. $35 b. $25.
c. $60 d. $85.
a
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An increase in the level of real GDP in the economy leads to
A) a leftward shift in the demand for money curve. B) a rightward shift in the demand for money curve. C) a leftward movement along the demand for money curve. D) a rightward movement along the demand for money curve.
All of the following are arguments in favor of restricting trade EXCEPT
A) comparative advantage. B) protecting domestic jobs. C) protecting emerging industries. D) dumping.
Dogs are more popular than cats in the U.S., but if cats were to become the more popular pet, then we can we expect that in the market for cat-food workers
a. MPP increases b. MRP increases c. MPP decreases d. MRP decreases e. the wage rate decreases
A bank that has $10,000 in excess reserves can extend new loans up to a maximum of
a. $1,000. b. $9,000. c. $10,000. d. $100,000.