An increase in interest rates will cause investment to
A) increase.
B) decrease.
C) not change.
D) move erratically, depending on the interest rate effect on saving.
A
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Refer to Figure 5-13. The amount of the gasoline tax is ________ per gallon
A) $0.75 B) $1.25 C) $1.75 D) $2.00
If four electronics companies agree to decrease their production of cell phones and raise the price of their cell phones to $400, this is an example of ________.
A) price fixing B) monopolization C) bid rigging D) market division
Behavioral economists believe in modifying the assumption that people are rational and follow their own self-interest.
Answer the following statement true (T) or false (F)
According to the ideas behind utilitarian justice, income redistribution from the rich to the poor decreases total utility.
Answer the following statement true (T) or false (F)