Suppose Dave always uses two lemon wedges with his glass of iced tea. Dave's indifference curves for lemon wedges and iced tea are
a. bowed inward.
b. bowed outward.
c. straight lines.
d. L shaped.
d
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After reading Governor Bradford's account, which is the most accurate statement, given his experience?
a. He considered the problems in the colony to be rooted in the "sine and corruption" of selfishness. b. He agreed with Plato that goods held in a "commone wealth" would make the people "happy and flourishing." c. That assigning private plots of land "made all hands very industrious." d. That assigning private plots of land "for this communitie" caused "much confusion and discontent."
Value of a loan amount X with interest r after one period equals:
A. (X * 1)/(X * r) B. X * (1 + r) C. X/(1 + r) D. All of these are true.
Which of the following pairs of goods would be considered complementary?
a. Coca-Cola and Pepsi. b. Computers and computer software. c. Radios and televisions. d. Mass transit and private automobiles. e. Compact discs and cassette tapes.
The financing of a government deficit increases interest rates and, as a result, reduces investment spending. This statement describes:
A. the net export effect. B. the crowding-out effect. C. the supply-side effects of fiscal policy. D. built-in stability.