Using the above figure, during which of the following periods does the price of crude oil shows an upward trend?
A) May to November
B) May to July and October to December
C) July to October
D) April to November
B
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The difference of rate-sensitive liabilities and rate-sensitive assets is known as the
A) duration. B) interest-sensitivity index. C) rate-risk index. D) gap.
What is the total cost at the break-even quantity calculated above?
a. $750 b. $850 c. $950 d. $1050
If the federal budget deficit were lowered, then the national debt would
A. decline. B. stay the same. C. rise at an increasing rate. D. rise at a decreasing rate.
Marginal revenue is equal to:
A. the change in total revenue associated with a change in quantity. B. the change in total profits associated with a change in quantity. C. total revenue divided by its output. D. marginal cost.