The demand curve is constructed with a
A. positive slope, because as more is purchased of a good, the cost of producing it rises.
B. positive slope, because as buyers have more money, the more of a particular good will be purchased.
C. negative slope, because when people purchase more of a good, the cost to produce that good falls.
D. negative slope, because with everything else equal, buyers will purchase more of a good when its price is lower.
E. positive slope, because as the price rises, people want to sell more of the good.
Answer: D
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Malaysia differed from other East Asian countries after the crisis in its adoption of
a. government-owned banks b. investment insurance c. prison sentences for currency traders d. restrictions on capital movements e. all of the above
Jan's Dry Cleaning holds $10,000 on a typical day, although only $2,000 is essential for carrying out business. Making a midday deposit is estimated to reduce cash holdings to $8,000 and cost an extra $80 per year in lost production. If, in addition, an armored car service is engaged to pick up cash more frequently for a fee of $120 per year, cash holdings will be further reduced to $6,000 per day. Employing a computerized cash management service for an annual fee of $180 would reduce cash holdings further to $4,000. If any reduction in cash holdings will be invested in government bonds earning 7 percent, then how much money should Jan's hold?
A. $4,000 B. $10,000 C. $6,000 D. $8,000
The responsibility of paying for the Social Security benefits for currently retired individuals falls on
A. the retired people themselves. B. no one, since the government prints the money. C. current and future workers. D. only working people over 50 years of age.
An increase in the value of a domestic currency in terms of other currencies is known as
A. a discount rate. B. an appreciation. C. a flexible exchange rate. D. a depreciation.