Refer to the information provided in Figure 7.11 below to answer the question(s) that follow.
Figure 7.11
Refer to Figure 7.11. The slope of the isocost line is
A. -2.
B. -1/2.
C. 1/2.
D. 2.
Answer: A
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Enacting a law controlling rents near a major university will increase the affordable housing for college students.
Answer the following statement true (T) or false (F)
Refer to Table 19-12. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The base year used in calculating real GDP is
A) 2013. B) 2014. C) 2015. D) 2016.
The distinction between saving and savings is that saving is ________, while savings is ________.
A. the flow of funds that is not consumed out of income; the plural of saving B. the flow of funds that someone invests in bank savings accounts; the stock of funds that represents the accumulated amount of net saving over time C. the flow of funds that is not consumed out of income; the stock of funds that is invested in bank savings accounts D. the flow of funds that is not consumed out of income; the stock of funds that represents the accumulated amount of net saving over time
If the price of a good rises, then moving along a demand curve the percentage change in the quantity demanded will be
A) positive. B) negative. C) zero. D) either positive, negative, or zero depending on how the demand curve shifted. E) undefined.