When the demand curve is downward sloping, marginal revenue is
A) equal to price.
B) equal to average revenue.
C) less than price.
D) more than price.
C
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You need a new computer, and you will need a loan in order to buy one. Which lender is most likely to charge you the highest interest rate on your loan?
(A) Savings bank (B) Savings and loan association (C) Credit union (D) Finance company
When there is a price floor there will be
A. a shortage. B. a surplus. C. either a shortage or a surplus. D. neither a shortage nor a surplus.
One of the main differences between the recent economic history of the high-performance Asian economies and most of the rest of the world is that growth in the Asian economies
A) increased in the 1960s. B) continued in the 1980s. C) slowed down in the 1960s. D) slowed down in the 1970s.
The total value of government bonds outstanding at any particular time is called the
A. seignorage revenue. B. government deficit. C. yield curve. D. government debt.