Consider the graph. What would most likely be the cause of a shift from D1 to D2?
A. A tax on buyers
B. A subsidy for buyers
C. A tax on sellers
D. A subsidy for sellers
Answer: A
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Let C = 150 + 0.5y and I = 45. At the equilibrium level of income, y*, the level of saving is
A) 45. B) 75. C) 105. D) 150.
The lesson of __________ is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and benefits of future options.
A. marginal utility B. sunk costs C. marginal analysis D. budget constraints
In a given year, the value of U.S. foreign exchange transactions ________
A) are roughly equal to the value of all U.S. export and import transactions B) cannot be calculated using nominal exchange rates C) are relatively small in comparison with the value of U.S. export and import transactions D) are approximately 25 times greater than the value of U.S. export and import transactions
Which of the following does not serve on the Governing Council of the European Central Bank?
A) governors of the national central banks B) members of the executive board C) finance ministers of each country D) chair of the executive board