Refer to Table 9-10. Fill in the following table with the opportunity costs of producing bows and arrows for Tran and Farah
Pens Pencils
Tran
Farah
Pens Pencils
Tran 4 0.25
Farah 3 0.33
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Under market capitalism, resources are allocated primarily through
a. government decree b. voter consensus c. tradition d. lottery e. prices
As a money management fee, mutual funds usually charge their customers
a. between 0.25 and 2.0 percent of assets each year. b. between 1.5 and 3.0 percent of assets each year. c. nothing, because they receive commissions from the firms whose stock they buy. d. a flat fee of about $50.
The following table shows Jay's estimated annual benefits of holding different amounts of money.Average money holdingsTotal benefit$100$20$200$29$300$36$400$41$500$44 How much money will Jay hold if the nominal interest rate is 6 percent? (Assume he wants his money holdings to be in multiples of $100.)
A. $300 B. $100 C. $200 D. $400
Which of the following best explains why the federal tax rebates in the 2000s had almost no effects on aggregate demand?
A. According to Ricardian equivalence theorem, those tax rebates did not affect aggregate demand because they were accompanied by more government spending. B. According to the permanent income hypothesis, those one-time tax rebates did not affect consumption because taxpayers did not believe the rebates would occur. C. According to the permanent income hypothesis, those one-time tax rebates did not affect consumption because they did not change taxpayers' permanent income. D. According to Ricardian equivalence theorem, those tax rebates did not affect aggregate demand because there were no direct expenditure offsets.