The above figure shows the market for neckties. Based on the graph, how much tax per necktie has been imposed by the government?
A) $1.25 per tie
B) $1.00 per tie
C) $0.75 per tie
D) More information is needed to determine the tax that the government has imposed.
B
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Nick has two job offers, one as a financial planner and one as an economist for a regional bank. The income that Nick would expect to earn as a financial planner depends how effective he is in getting clients
He estimates that he would receive either $80,000 and a utility of 75, with a probability of .50, or he would earn $30,000 and a utility of 35, with a probability of .50. The economist job would pay $45,000 per year and has a utility of 55. To maximize his expected utility, which job should Nick take? A) Nick is indifferent between the two jobs. B) Nick is better off if he takes the economist job. C) Nick is better off if he takes the job of financial planner. D) Nick should look around for another job.
In the Keynesian system, an increase in the money stock would
a. increase the interest rate, which, in turn, would increase aggregate demand and income. b. decrease the interest rate, which, in turn, would decrease aggregate demand and income. c. decrease the interest rate, which, in turn, would increase aggregate demand and income. d. decrease the interest rate but would have no effect on aggregate demand and income.
A(n) _____ is an increase in wealth caused by an appreciation of the value of an asset that an individual or corporation owns
a. inflationary gain b. profit c. capital gain d. accelerated appreciation
According to the random walk theory
A. the probability that a stock's price will increase tomorrow is greater if it decreased today. B. the best forecast of tomorrow's price is found by determining the trend for the last five trading days. C. the probability that a stock's price will increase tomorrow is greater if it increased today. D. the best forecast of tomorrow's price is today's price.