If the security guard is somehow certain that the shoplifter would not steal, his best response would be
a. Being watchful
b. Sleeping on the job
c. Run
d. Hide
b
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Rising inflationary pressure caused the U.S. to tighten its monetary policy at the end of the 1960s
As a result, market interest rates rose above the Regulation Q ceiling and American banks found it impossible to attract time deposits for re-lending. How did the banks get around this problem? A) by setting their own interest rates and then using better business as compensation for government regulations B) by borrowing funds from European branches, which faced no restriction on the interest they could pay on Eurodollar deposits C) by pushing through new legislation that nullified Regulation Q D) by creating subsidiary branches in foreign countries E) by waiting to trade time deposits until Regulation Q no longer applied
For a firm producing in a perfectly competitive product market, the marginal revenue product of labor eventually
a. falls due to diminishing marginal returns to labor b. rises due to diminishing marginal returns to labor c. falls due to a falling product price d. falls due to a rising product price e. rises due to falling marginal productivity of labor
Historically speaking, a one-dollar decrease in household wealth will cause consumer spending to fall by:
A. $0.30 to $0.70. B. $3.00 to $7.00. C. $0.03 to $0.07. D. $30.00 to $70.00.
An increase in the price of crude oil, a basic input into the production of gasoline, is likely to
A. put downward pressure on the price of gasoline. B. put upward pressure on the price of gasoline. C. decrease the demand for gasoline. D. increase the quantity of gasoline demanded.