When the price of oil rises unexpectedly, the equilibrium price level ________ and the unemployment rate ________ in the short run
A) rises; falls B) falls; rises C) falls; falls D) rises; rises
D
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The trade-offs made by the U.S. government to fund the war in Iraq
A) exceed the benefits derived from the war. B) show that the government is justified in its war spending. C) prove that the government is spending too much on the war. D) represent what was potentially sacrificed to engage in the war.
Big Oranges produces orange juice. To make its juice, Big Oranges harvests oranges from its own farms in addition to purchasing oranges from other locally owned farms. Big Oranges is ________.
A) partially vertically integrated B) completely vertically integrated C) partially forward integrated D) completely forward integrated
Peak load pricing which causes consumers to pay higher prices at certain times leads to greater efficiency
a. True b. False Indicate whether the statement is true or false
A bond with a face value of $10,000 (and no coupon payments) is always worth
a. $10,000 b. less than $10,000 before the maturity date c. more than $10,000 if the interest rate is high enough d. $10,000 on the date of purchase e. $9,090.91 two years before the maturity date