Cell phone companies often include an activation fee with the purchase of their service. This is an example of
A) collateral pricing.
B) tying.
C) predatory pricing.
D) unfair competition.
B
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If the real interest rate is 7 percent and the inflation rate is 7 percent, then the nominal interest rate is
A) 0 percent. B) 3.5 percent. C) 7 percent. D) 14 percent.
Which of the following is the correct way to calculate marginal utility per dollar?
a. Total utility/price b. Change in total utility/price c. Marginal utility/price d. Quantity/price
The ________ specializes in making long-term loans for capital investment projects that do NOT have private financial support.
A. European Central Bank B. Federal Reserve Bank C. International Monetary Fund D. World Bank
Use the following figure showing the domestic demand and supply curves for product B in a hypothetical economy to answer the next question.
Prior-to-trade (autarky) total economic surplus equals areas
A. A + B + C + E + F + J + I. B. A + B + C + D. C. A + B + C. D. A + B + C + E + F.