Usury laws are popular with ________.
A. the public and with economists
B. the public, but not with economists
C. economists, but not with public
D. neither the public nor with economists
B. the public, but not with economists
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Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. If they then still sell almost the same number of sodas per day, this suggests:
A. there are few other places to purchase soda on campus. B. the price elasticity of demand for soda is equal to 1. C. students do not have good nutritional information. D. soda purchases represent a large fraction of students' budgets.
Because the marginal cost of labor curve lies above the labor supply curve, a monopsony will pay a wage that is
A) equal to the wage paid in a competitive market. B) equal to value of marginal product. C) greater than value of marginal product. D) less than the wage paid in a competitive market.
The interest rate charged on a Eurodollar loan will be:
a. higher than the interest rate charged on a U.S. loan. b. lower than the interest rate charged on a U.S. deposit. c. essentially equal to the interest rate charged on a Eurodollar deposit. d. lower than the London interbank offer rate. e. lower than the interest rate charged on a U.S. loan.
Microeconomics is the branch of economics that deals with which of the following topics?
D. A and C A. The behavior of individual firms and investors E. B and C B. Unemployment and interest rates C. The behavior of individual consumers