Margie listed her real estate for sale at $100,000. If her cost was 80 percent of the listing price, what will her percentage of profit be when her real estate is sold for the listing price?
A) 10 percent
B) 15 percent
C) 20 percent
D) 25 percent
Answer: D) 25 percent
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The rate of return that households expect on their savings is determined by:
A) exchange rates. B) interest rates. C) government expenditure. D) tax rates.
Consumer equilibrium is a condition in which total utility cannot increase by spending more of a given budget on one good and spending ____ on another good
a. an equal amount b. more c. less d. zero
Which of the following could cause the money supply to decrease?
A. The economy emerges from a recession into rapid growth. B. The society moves to a cashless society. C. Banks become more conservative in making loans. D. People and institutions borrow more.
Which of the following would not result from a price ceiling (set below the equilibrium price)?
A) a shortage B) fewer exchanges C) an increase in supply D) nonprice rationing devices