An example of price discrimination is the price charged for:
A. an economics textbook at a campus bookstore.
B. gasoline.
C. a piece of art sold at an auction.
D. a postage stamp.
Answer: C
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If the real interest rate is 3 percent and the inflation rate is 2 percent, what is the nominal interest rate?
What will be an ideal response?
If we can conclude that human life has a finite value, cost-benefit analysis can lead to solutions in which human life is worth less than the cost of a potential project
a. True b. False Indicate whether the statement is true or false
When economists say that the demand for a product has decreased, they mean that:
a. The product has become particularly scarce for some reason b. The demand curve has shifted to the left c. Consumers are now willing and able to purchase more of this product at each possible price d. The product price has increased and as a consequence consumers are buying less of the product
During periods of slow growth, the Federal Reserve will likely
A. decrease the money supply to decrease interest rates. B. increase the money supply to decrease interest rates. C. decrease the money supply to increase interest rates. D. increase the money supply to increase interest rates.