If $1 is worth 0.70 euros, then 1 euro is worth:
A. $7.43.
B. $0.70.
C. $1.43.
D. $7.00.
Answer: C
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Which of the following is negative for the "typical" consumer at some level of real disposable income?
A) average propensity to consume B) marginal propensity to save C) average propensity to save D) marginal propensity to consume
A reduction in the rate of inflation is called:
a. deflation. b. disinflation. c. hyperinflation. d. cost-push inflation.
Suppose households unexpectedly increase consumption. Which of the following will occur as a result of this unexpected increase in consumption?
A) an increase in stock prices B) a reduction in stock prices C) no change in stock prices D) an ambiguous effect on stock prices
So-called precommitments are effective ways of fighting:
A. Framing effects B. Mental accounting C. Anchoring D. Self-control problems