The quantity of loanable funds supplied increases if the real interest rate rises, all other things remaining the same, because the
A) real interest rate is the opportunity cost of saving.
B) real interest rate is inversely related to the cost of buying on credit.
C) real interest rate is the opportunity cost of consumption.
D) cost of living is determined by the real interest rate.
E) demand for investment increases when the real interest rate rises.
C
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Michigan Radio is the state's most listened-to public radio service, attracting approximately 400,000 listeners each week and is funded through listener donations. Listeners can access Sirius satellite radio through a subscription to the service
Michigan Radio is a ________ and Sirius satellite radio is a ________. A) common resource; natural monopoly B) public good; natural monopoly C) natural monopoly; private good D) public good; common resource
What is net marginal revenue?
A) The same as marginal profit. B) The additional revenue the firm earns from an extra unit of an internally produced intermediate input. C) The additional revenue the firm earns from producing one more unit of output. D) The additional revenue the firm earns from selling one more unit of output.
The supply curve represents the relationship between:
A. price and quantity supplied with everything else held constant. B. income and quantity supplied with everything else held constant. C. consumer preferences and quantity supplied with everything else held constant. D. income and price supplied with everything else held constant.
One of the differences between microeconomics and macroeconomics is the use of fiscal policy. Fiscal policy is conducted by:
a. local banks. b. a nation’s central bank. c. a nation’s legislative body. d. a state’s legislative body.