After graduating from college and getting a job you stop buying generic brand cereal. This suggests that generic brand cereal is a(n)
A. substitutable good.
B. normal good.
C. complementary good.
D. inferior good.
Answer: D
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If the exchange rate changes from 1.00 euro per dollar to 1.10 euros per dollar, the euro has
A) depreciated against the euro. B) appreciated against the euro. C) fallen inversely in value. D) appreciated against the dollar. E) depreciated against the dollar.
Why does a monopoly cause a deadweight loss?
A) because it does not produce some output for which demand exceeds supply B) because it increases producer surplus at the expense of consumer surplus C) because it appropriates a portion of consumer surplus for itself D) because it does not produce some output for which marginal benefit exceeds marginal cost
An increase in the foreign interest rate causes the demand for domestic assets to ________ and the domestic currency to ________, everything else held constant
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
An increase in the number of corporations in a portfolio from 110 to 120 reduces
a. market risk by more than an increase from 1 to 10. b. market risk by less than an increase from 1 to 10. c. firm-specific risk by more than an increase from 1 to 10. d. firm-specific risk by less than an increase from 1 to 10.