Refer to Figure 4-1. If the market price is $3.00, what is the maximum number of burritos that Arnold will buy?
A) 0 B) 2 C) 3 D) 4
A
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A worker within the middle-income class is preparing to retire. In the year before he retired, his gross monthly earnings are $2,500. His Social Security benefits will be $1,500 per month. Before he retired, his income was subject to a tax of 30 percent. Find his before-tax and after- tax replacement rates.
What will be an ideal response?
Consider that Britain is trying to maintain a fixed exchange rate with respect to the U.S. dollar. However, the present situation in the foreign exchange market is conducive for the British pound to depreciate with respect to the U.S. dollar. A fully sterilized intervention in the foreign exchange market by the British government is expected to cause
A. Britain to gain official international reserves. B. the British money supply to fall. C. the British money supply to remain unchanged. D. the British money supply to rise.
General equilibrium exists when any one market in an economy is in equilibrium.
Answer the following statement true (T) or false (F)
The Federal Reserve Board of Governors
a. serve at the pleasure of the president similar to other cabinet positions. b. report directly to Congress and are controlled by Congress. c. consists of 12 members, one from each district bank. d. is structurally independent of the executive and legislative branches of the federal government.