The above table shows Tammy's total utility from videos and CDs. If Tammy has $70 to spend on videos and CDs and if the price of a video is $10 and the price of a CD is $20, then the maximum utility Tammy can attain is
A) 450.
B) 1280.
C) 1150.
D) 1200.
B
Economics
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A) store of value. B) medium of exchange. C) illiquidity. D) liquidity.
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In the schematic theory of economic policy, the demand for money is considered
A) a policy instrument. B) an exogenous nonpolicy variable. C) a structural relation. D) a target variable. E) an irrelevant side effect.
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Answer the following statement true (T) or false (F)
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Externalities tend to cause markets to be
a. inefficient. b. unequal. c. unnecessary. d. overwhelmed.
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