A relationship between two variables in which one variable increases at the same time that the other increases is called
A. inverse.
B. constant.
C. direct.
D. nonlinear.
Answer: C
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Which of the following is TRUE regarding money market mutual funds?
I. Money market mutual funds buy highly liquid assets like Treasury bills. II. Shareholders can obtain loans from money market mutual funds. A) I only B) II only C) both I and II D) neither I nor II
Global budgets coupled with price ceilings can control total spending as long as
a. the price ceilings are negotiated in good faith. b. utilization of services does not increase significantly. c. providers cooperate by only providing "medically-necessary" services. d. patients are required to pay some of the expenses out-of-pocket. e. none of the above. Global budgets can never work to control spending.
At the unique point of consumer equilibrium, the:
a. distance between indifference curves is maximum. b. distance between the budget line and the indifference curve is maximum. c. marginal utility ratio of the two goods is equal. d. marginal rate of substitution (MRS) equals the slope of the budget line.
If a 10 percent increase in the price of tomatoes leads to a 20 percent decrease in quantity demanded, then the price elasticity of demand for tomatoes, , equals -2
a. True b. False Indicate whether the statement is true or false