If an individual's utility from consuming two goods increases, then there must be
A) a downward rotation of the individual's indifference curve.
B) an inward rotation of the individual's indifference curve.
C) an outward shift of the individual's indifference curve.
D) in inward shift of the individual's indifference curve.
Answer: C
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If firms accused of antitrust violations sign a consent decree, they have
a. admitted guilt and accept the lawful penalties b. admitted guilt, but are relieved of any penalties by agreeing to cease the violations c. agreed to cease the alleged wrongdoing, without admitting guilt d. denied the accusation and requested a formal hearing or trial e. denied the accusation and given proof that it is untrue
The intent of parity pricing is to
a. protect small farms from predatory larger farms b. maintain farmers' purchasing power c. provide incentives for farmers to produce d. generate surplus food to feed the needy e. enhance the effects of technology in agriculture
An increase in the government budget deficit shifts the demand for loanable funds to the right
a. True b. False Indicate whether the statement is true or false
People who apply for loans know more about their ability to repay the loan than the lenders do. This is an example of:
A. asymmetric information. B. public information. C. a negative externality. D. a community rating.