Purchases of ________ are the most volatile type of expenditures because they are very sensitive to the interest rate, which is highly volatile.
A. new cars
B. nondurables
C. new houses
D. stocks
Answer: C
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Refer to the above table. You have a choice among four alternatives. Choice A lets you invest $250,000 at 4 percent; B lets you invest $125,000 at 6 percent; C lets you invest $62,500 at 8 percent, and D lets you invest $31,250 at 10 percent
Which choice will get you to $1 million faster? A) A B) B C) C D) D
The opportunity cost of an activity is
A) the dollar cost to engage in the activity. B) the value of the resources needed to conduct the activity. C) the same for all who participate in the activity. D) what you sacrifice to engage in the activity.
The greatest constraint faced by banks considering the alternative of lending to Bangladeshi villagers is:
A. not having qualified loan officers to make the loans. B. having limited funds available for loans. C. not being able to determine appropriate currency exchange rates. D. counterfeit Carfax reports that make it difficult to properly assess collateral.
Marginal utility is the
a. overall satisfaction obtained from consuming a good b. additional satisfaction obtained from consuming one more unit of a good c. average satisfaction obtained from consuming a good d. the change in satisfaction obtained from consuming 1 percent more of a good e. additional cost of one more unit of a good