Higher interest rates
A. Increase the quantity of loanable funds.
B. Decrease the quantity of loanable funds.
C. Increase the level of risk.
D. Decrease the level of risk.
Answer: A
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Refer to Table 10-3. The table above shows Lee's marginal utility from consuming ice cream cones and cans of Lime Fizz Soda. Select the phrase that completes the following statement
"We can determine the number of ice cream cones and cans of Lime Fizz Soda Lee should consume to maximize his utility A) if we know the values of the marginal utility per dollar for ice cream cones and Lime Fizz Soda." B) by adding up the marginal utilities for ice cream cones and Lime Fizz Soda." C) if we know what Lee's income is." D) if we know what Lee's income is and the price of an ice cream cone and the price of a can of Lime Fizz Soda."
Maryanne expects to work for another 30 years and expects to live another 10 years after she retires. If Maryanne completely smooths consumption over her lifetime, her marginal propensity to consume out of permanent increases in income is
A) 0.25. B) 0.33. C) 0.67. D) 0.75.
What is the official definition of the poverty line? What are some causes of poverty?
If a goat bites a visitor at a petting zoo, the owner would be covered by
a. Workers' compensation b. Property insurance c. Renter's insurance d. None of the above