If the APS is .2, we save
A. 2 percent of our income.
B. 8 percent of our income.
C. 20 percent of our income.
D. 80 percent of our income.
C. 20 percent of our income.
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Discuss how the Fed selling securities in the open market ripples through the different sectors of the economy
What will be an ideal response?
Refer to the indifference curve in Figure 3.3. Which of the following statements is correct?
A) This individual receives no satisfaction from Good A. B) This individual receives no satisfaction from Good B. C) This individual will only consume A and B in fixed proportions. D) none of the above
During the colonial period, the U.S. and other countries relied on "privateers.". Which of the following most accurately describes privateers?
a. Privateers were also known as pirates. b. Privateers were citizens who owned ships that attacked vessels from rival nations. c. Privateers were groups of convicts who stole from American sailing vessels. d. Privateers were a formal group part of the American Navy.
A college student decides to spend the afternoon watching three movies rented from Red Box. The cost of each movie is $1. The student was willing to pay $4 to rent each of the first two movies and $2 to rent the third movie. What was the marginal benefit received by the student when renting the 3rd movie?
A. $1 B. $8 C. $4 D. $2