You would be more willing to buy AT&T bonds (holding everything else constant) if
A) the brokerage commissions on bond sales become cheaper.
B) interest rates are expected to rise.
C) your wealth has decreased.
D) you expect diamonds to appreciate in value.
A
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Marginal benefit curves
A) have positive slopes. B) have negative slopes. C) are horizontal lines. D) are vertical lines. E) are upside-down U-shaped curves.
What is an inferior good?
A) a product of low quality that we do not want to purchase B) a product for which demand increases when income increases, and demand decreases when income decreases C) a product for which demand increases when income decreases, and demand decreases when income increases D) a product that is complementary E) a product that is a substitute for another, better good
Each firm under monopolistic competition produces a unique product which does not have a close substitute
a. True b. False Indicate whether the statement is true or false
Unemployment hit the _____________ age group the hardest in the 2007 - 2008 recession not only in the United States but other countries of the world.
A. under 25 B. 25 to 45 C. 46 to 56 D. 57 to 65