Which of the following leads to a movement along the demand curve for spinach but does not shift the demand curve for spinach?
A) a rise in the price of spinach
B) a newly discovered health benefit from eating spinach
C) an increase in the price of broccoli, a substitute for spinach
D) an increase in income for all spinach lovers
A
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Municipal bonds are issued
A) only by local governments. B) only by state governments. C) by both state and local governments. D) by the federal government, and by state and local governments.
Which of the following most directly reflects the law of diminishing marginal utility?
a. After watching two football games, Terry decides to watch a third game. b. A sports fan enjoys watching Monday night football rather than going to the theater. c. After listening to three compact discs, Kim decides to go bowling rather than listen to a fourth disc. d. A musician receives the biggest ovation of the evening after playing the final number of a recital.
The Depository Institutions Deregulation and Monetary Control Act passed by the Congress in 1980 led to:
a. the complete removal of thrift institutions. b. increased competition among financial institutions. c. the formation of large number of savings and loan associations. d. privatization of all financial institutions in the U.S. e. the complete removal of credit unions.
Suppose an ardent environmentalist sought to preserve limited natural resources for future generations. She would more than likely be arguing that oil and gas companies use an inappropriately
A. decreasing discount rate when considering optimal resource use. B. flat discount rate when considering optimal resource use. C. high discount rate when considering optimal resource use. D. low discount rate when considering optimal resource use.