When the price of a bond decreases, all else equal, the bond demand curve
A) shifts right.
B) shifts left.
C) does not shift.
D) inverts.
C
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The table below shows the utility schedule for a consumer of candy bars. Candy Bars ConsumedTotal Utility001529312414515615713Marginal utility becomes negative with the consumption of the
A. sixth candy bar. B. seventh candy bar. C. fifth candy bar. D. second candy bar.
The minimum wage is an example of a government price ceiling and results in a reduction in unemployment.
Answer the following statement true (T) or false (F)
Problems are most likely to arise when:
A. one person knows more than another. B. both parties lack the same information. C. people have good enough information to make acceptable choices. D. complete information is impossible to obtain.
Which of the following pairs of goods are likely to be considered substitutes?
A) Coffee and sugar B) Printers and printing ink C) A Ford car and public transportation D) A Nokia cell phone and a Nokia cell phone charger