Celine buys a new MP3 player for $90 . She receives consumer surplus of $15 on her purchase if her willingness to pay is
a. $15.
b. $90.
c. $105.
d. $75.
c
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Using the scenario above explain how this could have happened?
What will be an ideal response?
If the expected profitability of a business activity increased we might expect investment spending to:
A. increase. B. decrease. C. remain constant. D. there is not enough information to determine what would happen.
Which of the following will increase the demand for loanable funds?
a. a newly established consumption tax b. a decrease in the real interest rate c. an increase in the real interest rate d. creation of an investment tax credit for businesses
Inflation reduction has the highest cost when the efforts are
a. credible so that the sacrifice ratio is low. b. credible so that the sacrifice ratio is high. c. unexpected so that the sacrifice ratio is high. d. unexpected so that the sacrifice ratio is low.