The latest Taylor Swift album is available to be downloaded for $18.99. Is this price a rationing device?
A) No, the album will be sold to anyone having the required number of dollars.
B) Yes, because the album will only be purchased by people who are willing and able to pay $18.99.
C) No, for price to be a rationing device, it must be so high that only one unit of the item is sold.
D) Yes, since that is a reasonable price.
B
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Automatic stabilizers dampen economic fluctuations during recessions because ________ decrease while ________ increase
A) tax revenues; tax payments B) tax payments; transfer payments C) tax payments; tax revenues D) unemployment rates; inflation rates
Probability
A) is a number between 0 and 1, inclusive. B) indicates how likely an outcome is to occur. C) is larger the more likely the event is to occur. D) All of the above.
What factors are part of the leading economic indicators?
a. Employment, personal income, and production b. Interest rates and average duration of unemployment c. Consumer confidence, consumer spending, and machinery orders d. House sales, personal income, and interest rates
When the rate of interest is 10 percent, the present value of $100 payable in two years is approximately
A. $80. B. $110. C. $100. D. $83.