The interest rate is determined by
a. the supply and demand of loanable funds.
b. the supply and demand of land.
c. the supply and demand of marginal land.
d. None of the above is correct.
a
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According to the Application, what percentage of the world's population currently lives in urban squatter settlements and therefore has very little housing security?
A) 1% B) 10% C) 30% D) 50%
Given the data in the above table, income of $13, a price of $1 for a bottle of water and $2 for a hamburger, what is the quantity of water and the quantity of hamburgers that will maximize the consumer's total utility?
A) 5 bottles of water and 4 hamburgers B) 4 bottles of water and 4 hamburgers C) 1 bottle of water and 6 hamburgers D) 6 bottles of water and 6 hamburgers
An equal increase in government purchases and taxes will cause
A) an increase in real GDP. B) an increase in the budget surplus. C) no change in real GDP. D) a reduction in cyclically adjusted budget surplus.
When marginal revenue is zero for a monopolist facing a downward-sloping straight-line demand curve, the price elasticity of demand is:
a. equal to 1. b. equal to 0. c. greater than 1. d. less than 2.