The relationship between the number of hours a student studies for an exam and the exam grade is most likely graphed as
A) a line sloping down from upper right to lower left.
B) a line sloping down from upper left to lower right.
C) a line sloping up from lower left to upper right.
D) a line sloping up from lower right to upper left.
C
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Which of the following is likely to bring about a movement along the supply curve for oranges?
A) A change in weather conditions B) A change in the price of fertilizer C) A change in wages paid to orange pickers D) A change in the price of oranges E) A change in the demand for grapefruit
What is a primary determinant of the asset demand for money?
I. the interest rate II. the opportunity cost of holding money III. the supply of money A) I only B) III only C) both I and II D) both II and III
If your nominal income is $80,000 and your real income in base year prices is $71,500, what is the CPI?
A) 106 B) 150 C) 112 D) 100 E) 89
Homer and Marge both enjoy lasagna and wine. Homer's utility function is given by U(L,W) = 12L + 4W. Marge's utility function is given by U(L,W) = 2L + 2W. In each function, L stands for plates of lasagna and W stands for glasses of wine. Would Homer and Marge agree to a trade in which Homer gives Marge a plate of lasagna in exchange for two glasses of wine?
What will be an ideal response?