A disadvantage of virtual banks (clicks) is that
A) their hours are more limited than physical banks.
B) they are less convenient than physical banks.
C) they are more costly to operate than physical banks.
D) customers worry about the security of on-line transactions.
D
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Suppose a drought resulted in a major reduction in the California lettuce crop. In the market for lettuce
A) the supply curve shifted to the left resulting in a decrease in the equilibrium price. B) the demand curve shifted to the right resulting in an increase in the equilibrium price. C) the demand curve shifted to the left resulting in a decrease in the equilibrium price. D) the supply curve shifted to the left resulting in an increase in the equilibrium price.
Most stock indexes use which of the following measures to weight the companies that participate in the index?
a. The company's sales volume b. The company's book value c. The current profits d. The available cash e. The market capitalization
Autonomous consumption spending is consumption spending
a. that is dependent on changes in income b. on durable goods c. that causes the MPC to rise d. that is independent of the level of income e. that causes the MPC to fall
In the diagram:
A. the consumer is indifferent between points A and B, but neither point maximizes his utility.
B. the consumer is indifferent between points A and B and either point will maximize his utility.
C. any combination of X and Y entailing more of Y and less of X than shown at B would be
preferred.
D. any combination of X and Y entailing more of X and less of Y than shown at A would be
preferred.