Wealthy consumers do not have to make decisions on what to buy or how much to save
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
If Sam has $60.00 each week to spend on gasoline and coffee, and their respective prices are $1.50 per gallon and $3.00 per pound, which of the following equations represents his budget line?
A) $60.00 = $1.50/Qg + $3.00/Qc B) $60.00 = Qg /$1.50 + Qc /$3.00 C) $60.00 = $1.50(Qg) + $3.00(Qc) D) $60.00 = $1.50(Qg) - $3.00(Qc)
Assume you are holding Treasury securities and have sold futures to hedge against interest-rate risk. If interest rates rise
A) the increase in the value of the securities equals the decrease in the value of the futures contracts. B) the decrease in the value of the securities equals the increase in the value of the futures contracts. C) both the securities and the futures contracts decrease in value. D) both the securities and the futures contracts increase in value.
If the coupon-rate of a particular bond increases:
a. the supply of the bond increases. b. the price of the bond declines. c. the demand for the bond declines. d. the supply of the bond decreases. e. the demand for the bond increases.
Monopolistic competitors have _______ rivals who produce _________ goods and services.
A. no; identical B. many; identical C. many; close substitute D. None of the choices are correct.