Colin's demand for golf at his local club each season is P = 50 - 2Q. If the golf course charges $26 dollars per round of golf, how much could it charge Colin in a membership fee before he would not play there?
A. $288
B. $144
C. $1,250
D. $312
Answer: B
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Since World War II, the likelihood that the job of a new college graduate will be directly or indirectly affected by world trade
A) remained constant. B) increased. C) decreased. D) fluctuated widely with no clear trend. E) increased slightly before dropping off.
Inferior goods typically obey the law of demand because the substitution effect tends to dominate the income effect
a. True b. False
The type of financial market where government and corporations can borrow money directly from savers is called:
a. a stock market b. a loanable funds market. c. a financial market. d. a bond market.
The interest rate falls if
a. either money demand or money supply shifts right. b. money demand shifts right or money supply shifts left. c. either money demand or money supply shifts left. d. money demand shifts left or money supply shifts right.