The large decrease in gasoline prices during 2014-2015 was attributable to
A. directional drilling.
B. hyperaccurate seismologic mapping.
C. hydraulic fracturing.
D. all of these.
Answer: D
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When a consumption schedule is plotted as a straight line, the slope of the consumption line is
A. horizontal. B. vertical. C. greater than the slope of the 45º line. D. less than the slope of the 45º line.
Gross domestic product is calculated by summing up the
A) total quantity of goods produced in the economy during a particular year. B) total quantity of final goods and services produced in the economy during a particular year. C) total market value of final goods produced in the economy during a particular year. D) total market value of final goods and services produced in the economy during a particular year.
The supply of loanable funds comes, in part, from
a. consumer saving b. business investment c. the federal government d. current consumption e. future consumption
References in the newspaper to the bond market are usually references to
a. the primary bond market b. the commodities market c. the secondary bond market d. the stock market e. the futures market