Refer to the diagram of the market for money. Given D m and S m , an interest rate of i 3 is not sustainable because the:
A. supply of bonds in the bond market will decline and the interest rate will rise.
B. supply of bonds in the bond market will increase and the interest rate will decline.
C. demand for bonds in the bond market will decline and the interest rate will rise.
D. demand for bonds in the bond market will rise and the interest rate will fall.
D. demand for bonds in the bond market will rise and the interest rate will fall.
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Which of the following is true?
A. The completion of the transcontinental railroad system in the 1880s eventually made the United States the world's first mass market. B. Southern manufacturers were hurt by the high protective tariffs of the 19th century that kept out cheaper British manufactured goods. C. Agricultural inventions such as John Deere's steel plows greatly improved farm productivity. D. All of the choices are true.
Transaction costs are likely to be ________ when property rights are ________ clearly defined
A) lower ; less B) higher; more C) lower; more D) Trick question: there is no causal relationship between transaction costs and property rights.
Table 5-1 Number of milkshakes consumed123Total utility from milkshakes (in $)$23$28$31Number of sandwiches consumed123Total utility from sandwiches (in $)$40$43$45? ? Table 5-1 gives information on George’s total utility from consuming milkshakes and sandwiches. If George’s income this week is $15, milkshakes are $3 each, and sandwiches $2, he will maximize his utility if he buys
A. three milkshakes and two sandwiches. B. three milkshakes and three sandwiches. C. no milkshakes and as many sandwiches as possible. D. two milkshakes and three sandwiches.
If the variable on the vertical axis increases by 20 and the variable on the horizontal axis increases by 5, the slope of the line is:
A. 0.25. B. 4. C. 15. D. 100.