If Thelma's willingness to sell her homemade fudge is $4, then at which of the following prices would Thelma sell her fudge?
A. $2
B. $3.99
C. $4.01
D. Thelma would not sell her fudge at any of these prices.
C. $4.01
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Given the budget line in the above figure, what is the relative price of pizza?
A) 10 gallons of milk per pizza B) 6 gallons of milk per pizza C) 4 gallons of milk per pizza D) 2 gallons of milk per pizza
A current account deficit implies that
A) the country is a net lender with the rest of the world. B) the country is running a net capital account surplus. C) foreign investment in domestic securities is at very low levels. D) All of the above.
Refer to the graph above. Which of the following would shift the investment demand curve from ID 2 to ID 3?
A more rapid rate of technological progress Greater inventories of capital goods Lower expected rates of return on investment in capital goods Higher business taxes on capital goods
A high rate of inflation is likely to cause a:
A. high nominal interest rate. B. low nominal interest rate. C. low rate of growth of nominal GDP. D. decrease in nominal wages.