In the classical view of the credit market, a rise in saving produces a rise in investment via a
A) rising interest rate.
B) falling interest rate.
C) rising price level.
D) falling price level.
B
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How long does it take prices of securities to adjust so as to eliminate arbitrage profits?
A) seconds B) hours C) days D) months
For many consumers, bacon and eggs are complements. Therefore, egg producers monitor the price of bacon because the cross elasticity between bacon and eggs is
A. negative, and a decrease in the price of bacon will decrease the demand for eggs. B. positive, and a decrease in the price of bacon will increase the demand for eggs. C. negative, and a decrease in the price of bacon will increase the demand for eggs. D. positive, and an increase in the price of bacon will increase the demand for eggs.
The Civil Rights Act of 1964
a. was not relevant to unions b. required unions to adopt affirmative action policies c. protected union workers from rigged elections d. banned yellow-dog contracts e. created the National Labor Relations Board
Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000. 
If Straker Industries produces 20 units of output, what is estimated average total cost (ATC)?
A. $67.40 B. $117.40 C. $19.40 D. $1,348