If an individual's total utility from consuming two goods increases, then there must be
A. a downward rotation of the individual's indifference curve.
B. an inward rotation of the individual's indifference curve.
C. an inward shift of the individual's indifference curve.
D. an outward shift of the individual's indifference curve.
Answer: D
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Supply chain management refers to
A) the contracts put in place to manage a firm's suppliers. B) the decisions around which stages of production to handle internally and which to buy from others. C) how the firm compensates the employees who work on the firm's internal stages of production. D) the 19th century practice of having barges move downstream with the flow of the river.
The Fed loses some control over the interest rate once it targets the money supply,
a. but the interest rate doesn't move in an inappropriate direction with respect to the Fed's monetary policy b. and the interest rate often moves in the opposite of the targeted direction c. but it can still dictate what the interest rate will be d. and loses as well control over open market operations which are linked to the interest rate e. but still maintains indirect control through open market operation
The demand for a luxury good whose purchase would exhaust a big portion of one's income is:
A. perfectly price inelastic. B. perfectly price elastic. C. relatively price inelastic. D. relatively price elastic.
A trade deficit means a net:
A. Inflow of payments for goods and services B. Outflow of goods and services C. Inflow of goods and services D. Excess of exports over imports