Refer to Table 8.2. If Sherry produces three pairs of earrings, her total variable costs are
A) $26.67.
B) $140.
C) $175.
D) $225
B) $140.
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A bank that mismatches its asset and liability maturities is
A) trying to reduce credit risk. B) willingly accepting greater credit risk. C) essentially engaging in interest-rate speculation. D) trying to protect itself against interest rate movements.
If the price of inputs falls and the government deficit rises:
a. Aggregate demand falls, and aggregate supply rises. b. Aggregate demand and aggregate supply rise. c. Neither aggregate demand nor aggregate supply change. d. None of the above.
Other things the same, a decrease in velocity means that
a. the rate at which money changes hands falls, so the price level rises. b. the rate at which money changes hands falls, so the price level falls. c. the rate at which money changes hands rises, so the price level rises. d. the rate at which money changes hands rises, so the price level falls.
The slope of a many-worker consumption possibilities is determined by the relative price of
A. the good that is least in demand. B. both goods in the domestic market. C. both goods in the world market. D. the good that is most in demand.