The price of a Treasury bond futures contract is set
A) by the federal government.
B) by the Chicago Board of Trade.
C) by the Federal Reserve.
D) as a result of bidding and offering by market participants.
D
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Refer to Figure 2-9. What is the opportunity cost of producing 1 popsicle in Iceland?
A) 1 1/2 snow cones B) 3/4 of a snow cone C) 2/3 of a snow cone D) 270 snow cones
Suppose that in a computer factory, if there is 1 worker, 80 computers are produced per week. If there are 2 workers, 150 computers are produced per week. If there are 3 workers, 210 computers are produced per week. Given this information, there
A) is diminishing marginal product. B) are too many workers. C) are not enough workers. D) is increasing marginal product.
Poverty is most likely to decrease when
A. Population increases regardless of what happens to economic growth. B. Economic growth exceeds population growth. C. Population growth exceeds economic growth. D. GDP increases regardless of what happens to population growth.
Advertising by monopolistically competitive firms can do all of the following EXCEPT
A) lower the consumer's purchase price. B) help differentiate a firm's product. C) act as a signal to consumers that the company is serious about staying in business. D) result in increased profits for the advertising firm.