What happens to each of the following if investment becomes less desirable at each interest rate? A. the interest rate B. net capital outflow C. the exchange rate
The interest rate falls, net capital outflow rises, the exchange rate falls.
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Public transit offers discounted monthly passes to students, which can only be bought and used with valid student IDs. The transit system is using
a. A direct discrimination scheme b. An indirect discrimination scheme c. The Robinson-Patman act d. None of the above
Studies shows that income elasticity of demand for food is
A) less than 1, but greater than 0. B) more than 1, but less than 2. C) less than 0. D) more than 2.
What is the allocatively efficient output for the firm represented in the diagram?
A. Q1 units
B. Q2 units
C. Q3 units
D. Q4 units
Utility payments and tuition fees are examples of ______.
a. property tax b. user charges c. federal grants d. sales tax