A) $400,000
B) $20,000
C) $19,000
D) $5,000
E) $399,980
Indifference curves that are closest to the origin are preferable to ones that are farther from the origin
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The graph shown best represents:
A. a market for an inferior good. B. a non-binding price floor. C. a non-binding price ceiling. D. a missing market.
Economics
A lump-sum tax:
A. charges the same amount to each taxpayer, regardless of economic behavior or circumstances. B. refers to annual, rather than quarterly tax payments throughout the year. C. is tied to spending habits, not income levels. D. is tied to income levels, not spending habits.
Economics
The P/E ratio, or price to earnings ratio of a stock, can be computed using which of the following formulas?
A. (Price of stock share) ÷ (Earnings per share). B. (Earnings per share) ÷ (Price of stock share). C. (Price of stock share) ÷ (Revenue per share). D. (Revenue per share) ÷ (Price of stock share).
Economics
The Fed buys $20,000 of government securities. The desired reserve ratio is 5 percent and the currency drain ratio is zero. What will be the change in the quantity of money?
Economics