Since the mid-1980s, the debt-to-income ratio of American households
a. has remained about the same as the previous 25 years.
b. has been slowly declining.
c. has fluctuated between about 55 and 70 percent of after-tax income.
d. has rapidly increased.
D
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The United States is a creditor nation
Indicate whether the statement is true or false
According to UIP, when interest rates are equal, the exchange rate of the country's home currency is expected to:
a. fall. b. remain constant. c. rise. d. Not enough information is provided to answer the question.
If the quantity of bananas sold increases by 5 percent when the price decreases by 10 percent, the price change occurs in the
A. bottom half of the downward-sloping straight-line demand curve and total revenue decreases from this price change. B. bottom half of the downward-sloping straight-line demand curve and total revenue increases from this price change. C. top half of the downward-sloping straight-line demand curve and total revenue decreases from this price change. D. top half of the downward-sloping straight-line demand curve and total revenue increases from this price change.
Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 
Figure 7.10Refer to Figure 7.10. The slope of the isocost line (in absolute value) is
A. greater than 1. B. less than one. C. equal to 1. D. equal to 0.