Because handling charges are relatively fixed, the interest rate on a loan generally
A. is unrelated to the size of the loan.
B. decreases with the size of the loan.
C. is constant regardless of the size of the loan.
D. increases with the size of the loan.
Answer: B
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A tariff is a
The table above shows Danielle's utility from ice cream and romance novels
a) What is Danielle's marginal utility from the 4th novel? b) The price of ice cream is $5 per gallon and a novel is $10. If Danielle's budget for these two goods is $50 and she buys 2 gallons of ice cream, how many novels can she buy? If she buys 6 gallons of ice cream, what is her marginal utility per dollar spent on novels? c) Which combination of the two goods is better: 4 gallons of ice cream and 3 novels or 6 gallons of ice cream and 2 novels?
When the price of a good changes, the total effect of the price change on the quantities purchased can be found by comparing the quantities purchased
A) on the old budget line and the new budget line. B) on the original indifference curve when faced with the original prices and when faced with the new prices. C) on the new budget line and a hypothetical budget line that is a parallel shift back to the original indifference curve. D) on the new indifference curve.
Given AD1 and AS1 in Figure 8.3, the Keynesian approach to achieving a higher level of output would be to
A. Employ an expansionary fiscal policy. B. Impose price controls. C. Increase the growth of the money supply to shift AS1 to AS2 D. Do nothing.