If the current account balance shows a surplus, and the capital account also shows a surplus, then the official reserve transactions balance
A) must be positive.
B) must be negative.
C) must be zero.
D) can either be positive, negative, or zero.
A
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If a consumer receives 20 units of utility from consuming two candy bars, and 25 units of utility from consuming three candy bars, the marginal utility of the third candy bar is
A) 25 utility units. B) 20 utility units. C) 5 utility units. D) unknown as more information is needed to determine the answer.
Under perfect price discrimination the monopolist produces ________ a perfectly competitive market.
A. the same amount of output as a non-discriminating monopolist as well as B. less output than an imperfectly price discriminating monopolist, but more than C. more output than an imperfectly price discriminating monopolist, but less than D. the same amount of output as would
The upward slope of an aggregate expenditure line is determined by the real interest rate
a. True b. False Indicate whether the statement is true or false
Based on the graph for saving incentives, a tax law change encouraging saving would ______.
a. create a negative equilibrium real interest rate
b. have little or no effect on the equilibrium real interest rate
c. increase the equilibrium real interest rate
d. decrease the equilibrium real interest rate