Two goods that are complementary are
a. wrapping paper and scotch tape
b. letter and fax
c. beef and chicken
d. bicycle and motorcycle
e. Coke and Pepsi
A
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In the United States, loans from ________ are far ________ important for corporate finance than are securities markets
A) government agencies; more B) government agencies; less C) financial intermediaries; more D) financial intermediaries; less
A consumer maximizes utility when the marginal utilities of all goods
a. having positive money prices that are equal to zero b. are equal c. are maximized d. are equal to the opportunity costs for all goods that are considered necessities e. are exactly proportional to their market prices
A budget surplus
a. occurs when the government has debt equal to zero. b. causes government debt to increase. c. exists when government spending is greater than tax revenues. d. reduces the government's debt.
A worker received $5 for a daily wage in 1930 . What is the value of that wage today if the CPI was 17 in 1930 and is 230 today?
a. 37 cents b. $4.63 c. $67.65 d. $37.86