Which of the following is considered a microeconomic issue?
A. Apple releases a new version of the iPhone.
B. A family decides to drive its child to school instead of relying on a school bus.
C. Coors Light packages alcohol in bottles that turn blue when cold.
D. All of these are examples of microeconomic issues.
Ans: D. All of these are examples of microeconomic issues.
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Some economists object to having the Fed concentrate solely on price stability because it would
A) make stabilizing the economy more difficult. B) lessen its credibility. C) privatize the Federal Reserve. D) free the Fed from political pressure.
In the research that used the audit method to send 38 people to purchase new cars from car dealers in Chicago, the highest prices were quoted to
A) black women. B) white women. C) black men. D) white men.
An individual's need for liquidity would increase if
A) the average value of transactions carried out by the individual fell. B) the average value of transactions carried out by the individual rose. C) the individual got a raise. D) the individual received a new ATM card. E) the individual wanted to avoid risks.
The coupon rate is the
A) annual coupon payment divided by the face value of the bond. B) annual coupon payment divided by the market value of the bond. C) difference between the face value of the bond and its par value. D) coupon paid every 6 months divided by par value.