Which of the following is an experiment which tests whether fairness is important in consumer decision making?
A) the preferential treatment game B) the behavioral experiment
C) the ultimatum game D) the fair trade principle
C
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Everything else held constant, in the market for reserves, when the federal funds rate is 3%, lowering the discount rate from 5% to 4%
A) lowers the federal funds rate. B) raises the federal funds rate. C) has no effect on the federal funds rate. D) has an indeterminate effect on the federal funds rate.
The government computes measures of income other than GDP because these other measures usually tell different stories about overall economic conditions
a. True b. False Indicate whether the statement is true or false
At any quantity, the price given by the supply curve shows the cost of the lowest-cost seller
a. True b. False Indicate whether the statement is true or false
A country has $3 billion of domestic investment and net exports of $2 billion. What is its saving?
a. $1 billion b. $2billion c. $3 billion d. $5 billion