The price of a loaf of bread is $1.50, the price of a gallon of milk is $3.00, and the price of a pound of butter is $2.40
The price of a loaf of bread relative to a gallon of milk is ________, while the price of a gallon of milk relative to a pound of butter is ________. A) 0.5; 0.8.
B) 0.5; 1.25.
C) 2.0; 1.25.
D) 2.0; 0.8.
B
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Real business cycle theorists agree with new Keynesian economists that
a. agents maximize utility. b. the labor market do not clear. c. AS shocks can play a big role in business cycles. d. Both a and c.
A housecleaning company receives $25 for each house cleaned. The table below gives the relation between the number of workers and the number of houses that can be cleaned per week. 
Based on the above info, the marginal revenue from the fourth worker is
A. $ 30. B. $6. C. $750 D. $150. E. none of the above
Copayments and deductibles in insurance policies increase moral hazard.
Answer the following statement true (T) or false (F)
The current account is
A. the price of one nation's currency in term of the currency of another country. B. a category of the balance of payments transactions that measures the exchange of merchandise, the exchange of services, and unilateral transfers. C. the reserve assets created by the International Monetary Fund for countries to use in settling international payment obligations. D. a category of the balance of payments transactions that measures flows of real and financial assets.