If both the MU and MC of flower pots is $1.50 and the MU and MC of coffee cups is $2, then economic efficiency would require
a. increased production of flower pots.
b. increased production of coffee cups.
c. the price of coffee cups to exceed the price of flower pots.
d. the price of flower pots to exceed the price of coffee cups.
c
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Refer to Table 4.2. In which scenario does the interest parity condition hold?
A) A B) B C) C D) D
If the demand for a product is elastic, then a rise in price will
a. cause total spending on the good to increase. b. cause total spending on the good to decrease. c. keep total spending the same, but reduce the quantity demanded. d. keep total spending the same, but increase the quantity demanded.
The interest rate the Federal Reserve charges when lending reserves to depository institutions is known as the ________
Fill in the blank(s) with correct word
Which of the following labor markets is more likely to be competitive?
A) Receptionists B) Singers C) Soccer players D) Sculptors