The total amount of income in a society is independent of how income is distributed
a. True
b. False
Indicate whether the statement is true or false
False
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The quantity demanded of a product increases as
A) the price of the product rises. B) the price of the product falls. C) consumer income rises. D) the prices of other products fall.
Which of the following is most likely to cause the dollar to depreciate?
a. higher domestic interest rates b. an increase in the rate of inflation abroad c. a shift by the Fed to a more expansionary monetary policy d. a decrease in foreign interest rates
A person buys a bond with a face value of $10,000 for $9,325. Each year until the maturity date the bond buyer receives $750 from the issuer of the bond. The yield on the bond is
A) 8.04 percent. B) 7.5 percent. C) 10.0 percent. D) 6.75 percent. E) There is not enough information to answer the question.
The opportunity cost of a movement from point N to J would
A. be the lost production of some capital goods.
B. be the lost production of some consumer goods.
C. be slower economic growth in the future.
D. not involve any sacrifice of either capital or consumer goods.