Fewer of an economy's resources will be channeled into building new factories and equipment when _____
Fill in the blank(s) with the appropriate word(s).
interest rates are high.
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If the interest rate were to rise, we expect that
A) autonomous expenditures will rise. B) the supply of money will fall. C) the amount of money people want to hold will rise. D) the amount of money people want to hold will fall.
A 2000 ruling by a Federal court found that Microsoft:
A. Controlled 95 percent of the PC operating market and thus was an illegal monopoly B. Used anticompetitive practices to maintain and broaden its monopoly power C. Illegally lobbied members of Congress to obtain monopoly patents D. Conspired to fix prices on its Windows-operating software
Refer to the information provided in Figure 17.1 below to answer the question(s) that follow. Figure 17.1 Refer to Figure 17.1. John has two job offers when he graduates from college. John views the offers as identical, except for the salary terms. The first offer is at a fixed annual salary of $50,000. The second offer is at a fixed salary of $20,000 plus a possible bonus of $60,000. John believes that he has a 50-50 chance of earning the bonus. What is John's expected utility for each job offer?
A. expected utility of 200 for the first offer and expected utility of 164 for the second offer B. expected utility of 200 for the first offer and expected utility of 218 for the second offer C. expected utility of 100 for the first offer and expected utility of 164 for the second offer D. expected utility of 200 for the first offer and expected utility of 110 for the second offer
A political candidate promises voters more funding for AIDS research and child care and assures them they will not have to sacrifice any other goods or services to obtain the additional programs.
A. This may be possible if the economy has unemployed resources. B. This is possible only in a fully employed economy. C. This is possible if the economy is producing on its production possibilities curve. D. None of the choices are possible.