The indifference curves for nickels and dimes will be
A. a straight line with negative slope.
B. a straight line with positive slope.
C. concave.
D. L-shaped.
Answer: A
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The market structure in which strategic considerations are most important is
A) monopolistic competition. B) oligopoly. C) pure competition. D) pure monopoly.
When foreign countries buy wheat grown in the United States, they are generating a
A. Supply of U.S. dollars and a supply of a foreign currency. B. Supply of U.S. dollars and a demand for a foreign currency. C. Demand for U.S. dollars and a supply of a foreign currency. D. Demand for U.S. dollars and a demand for a foreign currency.
__________ sees the entrepreneur as an exploiter of labor.
A. Joseph Schumpeter B. Frank Knight C. Henry George D. Karl Marx
If every time disposable income increases by 5 trillion, consumption increases by 4 billion and saving increases by 1 billion, the MPC and MPS are, respectively,
What will be an ideal response?