In Figure 15.2, the equilibrium rate of interest
A. Is 9 percent.
B. Is 6 percent.
C. Is 3 percent.
D. Cannot be determined from this figure.
Answer: B
You might also like to view...
If Jack is a utility maximizer, shouldn't a fall in the price of popcorn cause an increase in his marginal utility of popcorn?
What will be an ideal response?
In the case study discussed in the chapter, the electronics firm was actually enhancing its profits by selling calculators at a price that was below average cost
a. True b. False Indicate whether the statement is true or false
Given freedom of movement for both goods and resources. If Florida producers specialize in oranges and Georgia producers specialize in peaches, it would be reasonable to conclude that
What will be an ideal response?
Which person is most likely to be poor? A person who is
A. over 65 years of age. B. black. C. white and under 6 years of age. D. living in a female-heading family with children under 18.