Refer to the following figure. The price of capital is $50 per unit:
What is the minimum cost of producing 400 units of output?
A. $3,000
B. $4,000
C. $5,000
D. $6,000
E. none of the above
Answer: C
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Refer to Figure 4-3. What is the total amount that Kendra is willing to pay for 2 ice cream cones?
A) $1.50 B) $3.00 C) $5.50 D) $6.50
Credit unions made it through the 1980s in relatively good shape because
A) most of their depositors were individuals. B) most of their depositors were businesses. C) they held many mortgages among their assets. D) they held no mortgages among their assets.
Suppose that the one-year Treasury bill rate in the United States is 6%, the one-year government bond rate in Canada is 4%, and investors expect the U.S. dollar to depreciate against the Canadian dollar by 4% over the coming year
Is the nominal interest rate parity condition violated?
Self-control issues exist for several areas for most people. Which of the following is not on the usual list?
a. Using credit or debit cards b. Mail order clubs or buying online c. Malls, shopping centers or other types of in-person shopping d. Antiques