Refer to Scenario 1-3. Using marginal analysis terminology, what is another economic term for the incremental revenue received from the sale of the last 400 t-shirts?
A) sales revenue B) marginal revenue C) gross earnings D) gross profit
B
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If national income increases by $20 million and consumption increases by $5 million, the marginal propensity to consume is
A) 4. B) 0.75. C) 0.5. D) 0.25.
If the CPI was 101.7 in 2006 and 101.5 in 2007, it can be concluded that
a. 2001 was the base year b. all goods were more expensive in 2007 than in 2006 c. all goods were less expensive in 2007 than in 2006 d. all goods were less expensive in 2006 than in 2007 e. the price level fell from 2006 to 2007
The federal government _______ securities (treasury bonds, notes, and bills) to cover its budget deficits.
a. buys b. sells c. trades d. creates
The intersection of the demand for loanable funds and the supply of loanable funds determines the
A. Par value. B. Real interest rate. C. Prevailing interest rate. D. Price รท earnings ratio.