Refer to the information provided in Figure 6.9 below to answer the question(s) that follow.
Figure 6.9Refer to Figure 6.9. The marginal utility of the second video game rental is
A. 8.
B. 10.
C. 25.
D. 40.
Answer: A
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To eliminate an inflationary gap, the expenditure schedule should
a. shift upward. b. shift downward. c. become flatter. d. become steeper.
Assume that two firms (Firm A and Firm B) are very similar in all respects, but Firm A's stock has a higher rate of return than Firm B's stock. Arbitrage will occur as investors:
A. Sell Firm A's stock and buy Firm B's stock B. Buy Firm A's stock and buy Firm B's stock also C. Sell Firm A's stock and sell Firm B's stock also D. Buy Firm A's stock and sell Firm B's stock
One reason that economists usually engage in ________ economic analysis is because the question of fair division of resources is ________ to decide objectively
A) positive; easy B) positive; hard C) normative; easy D) normative; hard
Whereas prior to 1980 only banks create money, today because of _____ all depository institutions with checkable deposits are involved in the process of money creation.
A. the Federal Reserve Act B. the FDIC C. the Depository Institutions Deregulation and Monetary Control Act of 1980 D. the Fiscal Responsibility Act of 1980