Savings are transferred from savers to borrowers through the following intermediaries, except
A.
Mutual funds
B.
Pension funds
C.
Real estate brokers
D.
Insurance companies
C.
Real estate brokers
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Bill Gates is the world's second richest person whose net worth is estimated at $54 billion. The idea that Bill Gates marginal utility for his 54 billionth dollar is less than someone else's 1000th dollar is the
A) "Utilitarian" principle. B) "Big Tradeoff" principle. C) "Make the Poorest as Well Off as Possible" principle. D) "Equity" principle.
Refer to Table 1-1. What is Eva's marginal benefit if she decides to stay open for two hours instead of one hour?
A) $25 B) $36 C) $60 D) $95
If a firm in a competitive market decreases the quantity of output sold, total revenue should
a. decrease. b. increase. c. should change proportionately to the change in total costs for the firm. d. remain the same.
If disposable income is $900 billion when the average propensity to consume is 0.9, it can be concluded that:
A. The marginal propensity to consume is also 0.9 B. The marginal propensity to save is 0.1 C. Consumption is $900 billion D. Saving is $90 billion