Refer to Table 5.1. Expected income for the first year is
A) highest in accounting.
B) highest in mathematics.
C) higher in English than in mathematics.
D) higher in political science than in economics.
E) highest in economics.
E
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Assuming all else equal, the credit supply curve shows the relationship between the quantity of credit supplied and the:
A) real wage rate. B) real interest rate. C) income tax rate. D) inflation rate.
If in Chicago the interest rate is 5 percent a year and in Vancouver it is 4 percent a year, ________
A) the quantity of Canadian dollars purchased will increase B) the Canadian dollar is expected to depreciate C) interest rate parity does not exist D) the U.S. dollar is expected to depreciate
If the marginal rate of transformation is constant what can be said of the shape of the production possibilities frontier and why?
What will be an ideal response?
In an economy with no taxes, an income level of $400 billion, consumption of $300 billion, and government spending of $25 billion, saving is equal to
A) $25 billion. B) $100 billion. C) $275 billion. D) $375 billion.