Refer to the above table. What is the marginal utility for the 10th unit for Hillary and for Bill?
A. Hillary: 10; Bill 10
B. Hillary: 220; Bill 450
C. Hillary: -10; Bill: 10
D. Hillary: 0; Bill: 0
Answer: C
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The dominant factor why the nominal interest rate differs among nations is that ________ differs among nations
A) inflation rate B) the price level C) potential GDP D) the quantity of money E) the unemployment rate
A decrease in the price of a good would
a. shift the supply curve for the good to the left. b. give producers an incentive to produce more to keep profits from falling. c. increase the quantity demanded of the good. d. increase the supply of the good.
The negative slope of the demand curve reflects the:
A. positive relationship between price and quantity. B. proportional relationship between price and quantity. C. inverse relationship between price and quantity. D. inverse relationship between income and quantity.
By the mid-1980s, the United States
A. changed from a creditor nation to a debtor nation. B. was neither a creditor nation or a debtor nation, as its current account and capital account were both valued at zero. C. was both a creditor nation and a debtor nation, as its balance of payments was equal to zero. D. changed from a debtor nation to a creditor nation.