A price maker is
A) a consumer who participates in an auction where she announces her willingness to pay for a product.
B) a firm that is able to sell any quantity at the highest possible price.
C) a person who actively seeks out the best price for a product that he or she wishes to buy.
D) a firm that has some control over the price of the product it sells.
D
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Wanda takes $3,000 from her savings account that pays 5 percent interest per year and uses the funds to purchase a computer for $3,000 for her business. At the end of the year the computer is worth $2,000
Wanda pays an implicit rental rate of ________ a year. A) $1,150 B) $4,000 C) $3,150 D) zero
Using the data in the above table, what is the average product of three employees?
A) 2 pizzas per hour B) 3 pizzas per hour C) 4 pizzas per hour D) 12 pizzas per hour
If investment is interest-insensitive,
A) monetary policy has no impact on equilibrium income. B) monetary policy has no impact on the equilibrium interest rate. C) fiscal policy has no impact on equilibrium income. D) fiscal policy has no impact on the equilibrium interest rate.
The Japanese yen is an example of a soft currency.
a. true b. false