The interest rate is the opportunity cost
A) of investing in stocks.
B) of investing in Treasury securities.
C) of using credit cards.
D) of holding money.
D
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Equilibrium GDP in excess of potential GDP eventually will cause the aggregate
a. demand curve to shift outward. b. supply curve to shift outward. c. supply curve to shift inward. d. demand curve to become flatter.
A good that is excludable but not rival is known as a club good
a. True b. False Indicate whether the statement is true or false
Suppose Jack and Kate are at the town fair and are choosing which game to play. The first game has a bag with four marbles in it-1 red marble and 3 blue ones. The player draws one marble from the bag; if it is red, they win $20 and if it is blue, they win $1. The second game has a bag with 10 marbles in it-1 red, 4 blue, and 5 green. The player draws one marble from the bag; if it is red, they win $20; if it is blue, they win $5; and if it is green, they win $1. Both games cost $5 to play. What is the probability of drawing a blue marble in the first game?
A. 20 percent B. 25 percent C. 75 percent D. 50 percent
There are two universities, A and B, in a city. Tuition rises at University A and, as a result, the demand for attending University B rises. It follows that educational services at the two universities are
A) complements. B) normal goods. C) inferior goods. D) substitutes. E) none of the above