The amount you pay for apps to download to your cell phone is an example of a(n) ________ cost
A) implicit
B) opportunity
C) explicit
D) network
C
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The aggregate demand curve shows the relationship between planned purchases of
A) all final goods and services and the price level. B) all final goods and services and interest rates. C) all final goods and services and total planned production. D) all final goods and services and nominal GDP.
Consumers expect that the price of a gallon of gasoline will rise next week. As a result
A) today's supply of gasoline increases. B) today's demand for gasoline increases. C) the price of a gallon of gasoline falls today. D) next week's supply of gasoline decreases.
If 14 workers produce a total of 25 cabinets and 15 workers produce a total of 30 cabinets,
a. the marginal product of the fifteenth worker is 2 cabinets b. the marginal product of the fifteenth worker is 5 cabinets c. the marginal product of the fifteenth worker is 30 cabinets d. the marginal product of the fifteenth worker is $5 e. diminishing returns begins with the fifteenth worker
Which of the following statements best describes the relationship between asset prices and average expected returns?
A. More risky assets will have similar prices as less risky assets B. Less risky assets will have lower prices than more risky assets C. Less risky assets will have higher prices than more risky assets D. More risky assets will have higher prices than less risky assets