If you suddenly have the misfortune of screening positive for lung cancer, then your consumption function will most likely
A. shift upward.
B. shift downward.
C. not shift, your disposable income does not change.
D. not shift, but force you to increase your expenditures along the consumption function.
Answer: A
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Briefly explain how the miserliness of Ebenezer Scrooge might actually be beneficial for economic growth
What will be an ideal response?
The vertical distance between the average total cost curve and the average variable cost curve equals: a. marginal cost
b. average fixed cost. c. total fixed cost. d. total variable cost.
Assume the demand schedule for cookies is downward sloping. If the price of cookies falls from $2.50 to $2.25 per dozen: a. the demand for cookies will fall
b. the demand for cookies will rise. c. a larger quantity of cookies will be demanded. d. a smaller quantity of cookies will be demanded.
The number of regional Federal Reserve Banks is:
A. twelve. B. five. C. seven. D. nine.