Which of the following would provide a reasonable benchmark for how much you should pay monthly into a "real world" savings account?
A) Sum your unexpected expenditures over the last 12 months, divide this figure by 12, and allocate this amount into the savings account regularly.
B) Sum your unexpected expenditures during the last month, and if this total is greater than the additional amount you can borrow on your credit cards, you do not need a "real world" savings account.
C) Sum your unexpected expenditures last month and allocate this amount into the savings account regularly.
D) Sum your unexpected expenditures over the last 12 months, divide this figure by 12, and if this total is less than the additional amount you can borrow on your credit cards, you do not need a "real world" savings account.
A) Sum your unexpected expenditures over the last 12 months, divide this figure by 12, and allocate this amount into the savings account regularly.
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The supply schedule assumes that factors other than:
A. price remain the same. B. price must change. C. supply remain the same. D. supply must change.
Suppose the population of a country falls, but its Real GDP remains constant. As a result, there is __________ economic growth
A) both absolute economic growth and per-capita real B) absolute economic growth, but not per-capita real C) per-capita real economic growth, but not absolute D) neither absolute economic growth nor per-capita real
Households
A) purchase final goods and services in the factor market.
B) purchase final goods and services in the product market.
C) purchase resources in the product market.
D) purchase resources in the factor market.
The management of Local Cinema has estimated the monthly demand for tickets to be ln Q = 22,328 ? 0.41 ln P + 0.5 ln M ? 0.33 ln A + 100 ln PDVD, where Q = quantity of tickets demanded, P = price per ticket, M = income, A = advertising outlay, and PDVD = price of a DVD rental. It is known that P = $5.50, M = $9,000, A = $900, and Pvcr = $3.00. Based on the information given, which of the following statements is false?
A. Movies are normal goods. B. The advertising elasticity of demand for movie tickets is ?0.33. C. Advertising decreases the demand for movie tickets. D. Movies are complements for DVD rentals.