Suppose a cup of coffee at the campus coffee shop is $2.50 and a cup of hot tea is $1.25 and that a student's beverage budget is $20 per week. What is the market tradeoff between coffee and tea?
a. 1 coffee to 1 tea
b. 2 coffee to 1 tea
c. 1 coffee to 2 tea
d. 2 coffee to 2 tea
c
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What is the relation between the unemployment rate and the proportion of unemployed workers who have been unemployed for 15 weeks or longer?
A) Both rise in recessions. B) Both rise in expansions. C) The unemployment rises in recessions but the proportion of unemployed workers who have been unemployed for 15 weeks or longer declines in recessions. D) The unemployment falls in recessions but the proportion of unemployed workers who have been unemployed for 15 weeks or longer rises in recessions.
Over the elastic portion of a demand curve, a decrease in price causes:
a. an increase in total revenue. b. a decrease in total revenue. c. no change in total revenue. d. an increase in quantity demanded, but anything can happen to revenue.
The slope of a line with rise of five and run of two is positive
a. True b. False Indicate whether the statement is true or false
Which of these is an example of a fiscal policy?
a. Allocation of funds for Social Security programs b. Purchase of foreign securities by the Fed c. Printing of new dollar notes d. Sale of U.S. Treasury bonds in the open market by the Fed