The most popular floating rate in swaps is
A) LIBOR.
B) the Treasury note rate.
C) the prime rate.
D) the six-month Treasury bill rate.
A
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In the circular flow model, producers
A) and households spend earnings from resource sales on goods and services in the factor market. B) spend earnings from resource sales on goods and services in the product market. C) sell goods and services in the input market. D) hire resources sold by households in the factor market.
Last year the price of a dozen eggs was $1, and this year the price is $1.30. Which of the following does NOT express this price change accurately?
A) The price increased 30 percent. B) The price increased by 30 cents. C) If last year was the base year, the index number for this year would be 130. D) If this year is the base year, the index number for last year would be 130.
In most markets, each consumer
a. faces the same money price and time price b. faces different money prices and different time prices c. faces the same money price but different time prices d. faces different money prices but the same time price e. has the same individual demand curve for the product
A seller's reservation price is generally equal to:
A. the market price. B. the seller's marginal benefit from producing an additional unit. C. the buyer's reservation price. D. the seller's opportunity cost of producing an additional unit.