At the point of consumer equilibrium, the slope of the budget line is equal to the:
A. indifference curve.
B. consumer preference.
C. market rate of indifference.
D. marginal rate of substitution.
Answer: D
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Suppose that the total labor force is 100 individuals with 10 unemployed. The unemployment rate is ________. Now assume that 10 people drop out of the labor force and that 10 remain unemployed. The new unemployment rate is ________
A) 9 percent; 10 percent B) 10 percent; 9 percent C) 10 percent; 11 percent D) 11 percent; 10 percent
The term structure is usually defined with yields on which securities?
A) corporate bonds B) commercial paper C) U.S. Treasury securities D) municipal bonds
DeBeers was able to profit the most from the diamond market by selling a:
A. lot of diamonds at high prices. B. lot of diamonds at low prices. C. few diamonds at low prices. D. few diamonds at high prices.
A risk-averse individual will:
A. accept only better-than-fair gambles. B. only choose certain events. C. never accept any gamble. D. accept a fair gamble.