The supply of loanable funds is the relationship between loanable funds and ________ other things remaining the same
A) real GDP
B) the price level
C) the real interest rate
D) the inflation rate
C
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The marginal rate of substitution is equal to the ________
A) marginal cost of each good B) magnitude of the slope of the indifference curve C) inverse of the slope of the budget line D) relative price of the two goods
The ________ in the United States is best described as a managed float exchange rate system
A) current exchange rate system B) exchange rate system used prior to the Great Depression C) exchange rate system set up at the end of World War II D) earliest used exchange rate system
Suppose that an economics department is offering a student exchange program with a university in Giessen, Germany. If the department requires students to submit an essay in order to be considered for the program, the essay may be an example of
a. signaling. b. screening. c. monitoring. d. principal.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases. B. increases. C. remains constant. D. decreases.