Which of the following will not cause a shift in the demand curve for DVDs?
A. a change in wealth
B. a change in the price of DVDs
C. a change in the price of Blu-ray discs
D. a change in income
Answer: B
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The nominal interest rate is:
A. not adjusted for inflation. B. the interest rate paid by savers. C. the interest rate paid to borrowers. D. the price level adjusted interest rate.
Slope is measured as run/rise.
Answer the following statement true (T) or false (F)
(I) The U.S. trade deficit is a financial obligation of the federal government, and if it is not paid off, foreigners will be reluctant to loan money to the U.S. government. (II) When a nation runs a current account deficit due to a merchandise trade deficit, it must also be true that the nation has a surplus on its capital account due to an inflow of foreign capital
a. I is true; II is false. b. I is false; II is true. c. Both I and II are true. d. Both I and II are false.
Which of the following factors best explains why consumers might prefer to go to a restaurant that was similar to another restaurant in terms of décor and food choices but had fewer customers?
a. the presence of network externalities b. the idea that some people receive utility from goods they believe are popular c. income and substitution effects d. switching costs