Use the above figure. When the budget line rotates from "b" to "c"
A. the price of product J increases.
B. the price of product K decreases.
C. the price of product J decreases.
D. the price of product K increases.
Answer: D
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Using year-by-year data from 1987-2007 shows that
A) there is a strong positive relation between average Latin American money-supply growth and inflation. B) there is a strong negative relation between average Latin American money-supply growth and inflation. C) there is a strong positive relation between average Latin American money-supply growth and deflation. D) it is difficult to find a strong positive relation between average Latin American money-supply growth and inflation. E) there is a weak positive relation between average Latin American money-supply growth and inflation.
In the one-period valuation model, the value of a share of stock today depends upon
A) the present value of both the dividends and the expected sales price. B) only the present value of the future dividends. C) the actual value of the dividends and expected sales price received in one year. D) the future value of dividends and the actual sales price.
Because consumer loans are rather __________, they have been relatively __________ to securitize
A) standardized; easy B) standardized; difficult C) not standardized; easy D) not standardized; difficult
Antitrust enforcement of vertical relationships is generally focused on
a. The dominant firm using vertical contracts to extend market power to other levels of the supply chain b. Vertical contracts that reduce the intensity of competition c. Vertical contracts that harm consumers d. All of the above