The faster an automobile is driven (speed), the lower the miles per gallon (mpg) for that automobile. Given this information, we say that an automobile's speed and mpg have
A) a direct relationship
B) an inverse relationship
C) a linear relationship
D) a maximum relationship
B
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The price of one good changes and Sue is now at a point on her indifference curve where the marginal rate of substitution exceeds the relative price. Sue will now choose to buy ________ of the good that is measured on the ________
A) more; x-axis B) more; y-axis C) the same quantity; x-axis D) less; x-axis
Business taxes increase. What is the impact on aggregate expenditures and income?
A) Both increase. B) Both decrease. C) Aggregate expenditure increases and income decreases. D) Aggregate expenditure decreases and income increases.
In the wake of the failure of __________ in 1984, the FDIC announced the "too big to fail" policy
A) Mariners' Trust of Detroit B) Manufacturers Hanover Bank C) Silverado Savings-and-Loan D) Continental Illinois Bank
If the dollar depreciates relative to other currencies, which of the following is true? a. It takes more of the other currency to buy a dollar
b. It takes less of the other currency to buy a dollar. c. There is no change in the amount of the currency needed to buy a dollar. d. Not enough information to determine.