In this graph, the market price is equal to ______.
a. $5
b. $6
c. $20
d. $120
b. $6
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What would be a way for the Federal Reserve to slow down the economy when it is growing too quickly or is inflationary?
A) print more money B) encourage the stock market C) sell more government bonds D) buy back government bonds on the open market
The size of the spread that a dealer will quote for a foreign exchange transaction will vary depending on
A) the degree of market volatility at the time. B) the degree of risk associated with a particular currency. C) the size of the market for the currency being traded. D) All of above.
"It is difficult to compare over time health care expenditures, costs, and output." Do you agree or disagree? Why?
What will be an ideal response?
An economist looks at data that suggests that people are making decisions that are based on rules of thumb. She concludes that people tend to make decisions that are based on habit and not on the economic decision rule. She is most likely a(n):
A. behavioral economist. B. irrational economist. C. traditional economist. D. engineering economist.