The indifference curve between eggs and dozens of eggs would be
A) bowed in to the origin.
B) bowed out from the origin.
C) a rectangular hyperbola.
D) a downward sloping straight line with a slope of -12.
Answer: D
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Fed policies since the 1980s have attempted to
A) overshoot natural real GDP. B) undershoot natural real GDP. C) "stall" the economy whenever natural real GDP is growing too fast. D) A and B. E) none of the above.
Suppose that a company hires recent college graduates for two types of jobs, sales people and credit analysts. The hours worked and skill levels are the same for both positions. The sales people must "cold call," which many people find to be unpleasant. When comparing the salaries of the two positions, it is likely that the company pays the
a. credit analysts more as a compensating differential. b. sales people more as a compensating differential. c. same salary for both positions because they require the same skill level. d. same salary for both positions because it would be illegal to do otherwise.
If the consumer gets 30 utils from consuming four Blu-rays, 50 utils from consuming five Blu-rays, and 60 utils from consuming six Blu-rays, then the consumer's marginal utility from the fifth Blu-ray is 10 utils.
Answer the following statement true (T) or false (F)
Which of the following is a checkable and debitable account?
A. a checking account B. a savings account C. a brokerage account with an online stockbroker D. All of these are checkable and debitable accounts.