A decrease in the interest rate, other things being equal, causes a (an)
downward movement along the demand curve for money
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The __________ is always larger than the __________
A) yield on a discount basis; coupon equivalent yield B) yield on a discount basis; bond equivalent yield C) coupon equivalent yield; yield on a discount basis D) None of the above.
Providers of health care insurance require applicants to provide information on their medical history. The purpose may be to minimize which of the following problems?
A) moral hazard B) adverse selection C) government taxes D) opportunity cost
Antitrust enforcement is primarily limited by the
a. cooperation of offending firms b. small number of cases c. unwillingness of damaged competitors to press charges d. limited amount of funding allocated by the government e. failure of judges to punish antitrust violators
The ratio of the change in consumption to the change in disposable income is called the
A) marginal utility of consumption. B) average utility of consumption. C) marginal propensity to consume. D) average propensity to consume.