If the marginal utility of each good is constant as consumption increases, the indifference curves are
A) horizontal.
B) vertical.
C) straight lines.
D) positively sloped.
Answer: C
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If the exchange rate changes from 1.00 euro per dollar to 1.10 euro per dollar, the dollar has
A) depreciated against the euro. B) appreciated against the euro. C) fallen inversely in value. D) appreciated against the dollar. E) depreciated against the dollar.
To attract more bidders, and more aggressive bidders, to your common-value auction
a. withhold relevant information about the value of the object b. don't allow bidders to know how others are bidding c. do not allow potential bidders to examine the object too closely d. hold oral auctions
Which of the following is NOT an underlying characteristic of a smart group?
a. Aggregation b. Diversity of opinion c. Interdependence d. Decentralization
Which of the following is correct? Investment tax credits
a. can increase investment, but stimulating investment is not a key to ending a recession. b. can increase investment, which is a key to ending a recession. c. can not increase spending on investment goods, but stimulating investment is not a key to ending a recession. d. can not increase spending on investment goods, but stimulating investment is a key to ending a recession.