Which of the following can be categorized under fiscal policy?
a. Increase in money supply
b. Decrease in money supply
c. Increase in federal funds rate
d. Decrease in reserve requirement
e. Increase in tax rates
e
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Which of the following is a risk that investors undertake when purchasing stocks?
a. An individual stock can rise and fall unpredictably. b. Nearly all stocks in the stock market may rise or fall together, when expectations about the entire economy change. c. Both a and b are true. d. Neither a nor b is true.
Using Figure 1.4 and starting at PP1, an increase in the capacity to produce can be represented by a movement from point
A. A to point B. B. D to point E. C. C to point E. D. A to point C.
Melanie and Oli are competing Pacific halibut fishers. Both have been allocated ITQs that limit their catch to 1,000 tons of Pacific halibut each. Melanie's cost per ton is $20; Oli's cost per ton is $28. Refer to the information given. If the
market price of Pacific halibut is $40 per ton, and Melanie and Oli both catch their quota, their combined profit will be: A. $12,000. B. $22,000. C. $25,000. D. $32,000.
Suppose that at a price of $55, 100 units were sold while at a price of $33, 153 units were sold. Without calculating the price elasticity value, can you determine whether demand is elastic, unit elastic, or inelastic? Explain your answer
What will be an ideal response?