The table above shows Mary's utility from chips and soda. The table shows that Mary has diminishing marginal utility for
A) both chips and soda.
B) neither chips nor soda.
C) soda, but not chips.
D) chips, but not soda.
A
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All else held constant, the international value of foreign currencies will increase against the U.S. dollar if ________.
A. U.S. citizens reduce spending on imports B. there are withdrawals of funds by foreigners from U.S. money markets C. there is an increase in the number of foreign tourists in the United States D. the U.S. Federal Reserve raises real interest rates
The theory of regulatory behavior that suggests that regulators must consider the demands of legislators, consumers, and members of the regulated agency is called
A) the capture theory. B) share-the-gains, share-the-pains theory. C) the natural theory. D) the creative theory.
A difficulty with effective fiscal policy is the:
A. reality of time lags. B. guess as to what potential GDP is. C. lack of relevant information needed to decide the magnitude of change. D. All of these are true.
Which of the following represents the best example of a price ceiling?
a. a ration coupon b. the price of caviar c. parity pricing d. rent control e. a soil bank program