As a result of low interest rates on CDs and the perceived riskiness of alternative investments following the financial crisis of 2007-2009, the bond market was affected in all of the following ways EXCEPT:
A) higher demand for bonds
B) higher real interest rates
C) lower nominal interest rates
D) higher price of bonds
B
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A change in the distribution of income which leaves total income constant will not shift the market demand curve for a product if
a. everyone has an income elasticity of demand of zero for the product. b. everyone has the same income elasticity of demand for the product. c. individuals have differing income elasticities for the product, but the average income elasticity for income gainers is equal to the average income elasticity for income losers. d. any of the above conditions occur.
Input-output analysis is commonly used in production decisions
a. True b. False Indicate whether the statement is true or false
When a production possibilities frontier is bowed outward, the opportunity cost of one good in terms of the other is constant
a. True b. False Indicate whether the statement is true or false
How many households in the United States receive their incomes mainly from the business sector?
A. 300 million B. 117 million C. 50 million D. 39 million