A decrease in the price of digital cameras will:
A. cause the demand curve for memory cards to become vertical.
B. shift the demand curve for memory cards to the right.
C. shift the demand curve for memory cards to the left.
D. not affect the demand for memory cards.
Answer: B
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Which of the following is NOT true of moral hazard?
A) It would not exist in a world of perfect information. B) It arises because borrowers typically know more than lenders. C) It describes a lender's problem of distinguishing the good-risk applicants from the bad-risk applicants. D) It describes a lender's problem in verifying borrowers are using their funds as intended.
The above figure shows an individual's demand curve for time per month spent telecommunicating while driving (talking on the car phone.) A car phone is useless except for talking with somebody who is not in the car
If calls are priced at ten cents per minute, what is the consumer surplus derived from talking? What is the most this person would pay for the car phone? Explain.
Anthropologist E. T. Hall in his book The Silent Language said that:
a. What people do is more important than what they say b. Silence is meaningful c. Conflict is everything d. Beware of underlying messages
If monetary policy is used to set the market equilibrium value of the exchange rate equal to the official value, it is no longer available to:
A. stabilize the domestic economy. B. decrease the market equilibrium value of an overvalued currency. C. increase the market equilibrium value of an overloaded currency. D. stabilize the market equilibrium value of the exchange rate.