Which of the following is a market transaction?
A. Weather destroys a farmer's crops, leaving the farmer unable to buy groceries.
B. A radio station changes its programming from classical to rock.
C. A stock increases in value over the 30 years that it is owned.
D. A college student purchases a laptop computer.
Answer: D
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Economies of scale exist when the ________ a unit of a good ________
A) average cost of producing; falls as its output rate increases B) price; falls as its input rate decreases C) price; rises as its output rate increases D) average cost of producing; rises as its input rate increases
A corporation issues a three-year bond with a coupon of $50 and a face value of $1000. A year later, market interest rates have declined to 4%. What is the price of the bond a year after it was issued? Report your answer to the nearest dollar
What will be an ideal response?
If demand decreases and supply increases, which of the following is correct? Question 24 options:
A. The equilibrium price falls but the impact on the equilibrium quantity is ambiguous. B. The equilibrium price rises but the impact on the equilibrium quantity is ambiguous. C. The equilibrium quantity increases but the impact on the equilibrium price is ambiguous. D. The equilibrium quantity decreases but the impact on the equilibrium price is ambiguous. E. The equilibrium price falls and the equilibrium quantity decreases.
Which of the following statements is FALSE?
A. Wants are unlimited and include all material and nonmaterial desires. B. Services are intangible goods such as dry cleaning, hospital care, and restaurant meal preparation. C. A good is anything that gives satisfaction or happiness to individuals. D. Economic goods are available in desired quantities at a zero price.