When the price of a good falls, marginal utility per dollar spent on that good ________, prompting consumers to purchase ________ of that good.
A. rises; less
B. rises; more
C. falls; less
D. falls; more
Answer: B
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If Southwest Airlines borrows $20 million from a bank to finance the renovation of their corporate offices, this is an example of
A) a stock market transaction. B) a bond market transaction. C) direct finance. D) indirect finance.
For a firm with market? power, the price effect is the? ________.
The production possibilities curve demonstrate which of the following concepts?
A) scarcity B) choice C) trade-offs D) all of the above
Which of the following is an example of the gambler's fallacy? a. If you flip a coin six times and it comes up heads each time, when you flip for the seventh time the odds are better that it will come up tails. b. People think that housing prices will continue to rise because they have continually risen over the past 10 years. c. If I send my resume to enough employers, the law of averages
says that someone will eventually hire me. d. all of the above