Which of the following will cause a decrease the supply of jeans?
A. A decrease in the expected future price of jeans.
B. An increase in the wages paid to workers who make jeans.
C. A decrease in the price of jeans.
D. A decrease in the demand for jeans.
Answer: B
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Which statement is TRUE about Mr. McConaughey's marginal utility from spending time with family and friends and breaking a sweat?
A) The marginal utility Mr. McConaughey gets from the first hour of spending time with his family is less than the marginal utility from the first hour of breaking a sweat. B) The marginal utility Mr. McConaughey gets from the third hour of spending time with his family is less than the marginal utility from the fourth hour of breaking a sweat. C) The marginal utility Mr. McConaughey gets from the fourth hour of spending time with his family is greater than the marginal utility from the fourth hour of breaking a sweat. D) The marginal utility Mr. McConaughey gets from the second hour of spending time with his family is greater than the marginal utility from the first hour of breaking a sweat.
If the consumer's budget constraint is given by 10F + 5S = 100 where F is food and S is shelter, how much food can he buy if he purchases 2 units of shelter?
A. 20 B. 9 C. 5 D. 10
Children of female householders are ________ times more likely to live in poverty than are other children
a. three b. four c. five d. six
Collateralized debt obligations (CDOs) were first issued in
A) 1980s. B) 1990s. C) 2000. D) 2001.