Marginal benefits are downward sloping when
A. there are no total benefits.
B. the slope of the marginal benefits curve is negative.
C. total benefits are increasing at a decreasing rate.
D. marginal costs are upward sloping.
B. the slope of the marginal benefits curve is negative.
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When the Fed increases the quantity of assets it owns, it is said to be engaging in
A) credit easing. B) forward guidance. C) quantitative easing. D) a maturity extension program.
If movie theatres decided to increase the price for the movie tickets, holding other factors constant, what would happen to the demand for popcorn in the theatres? a. the demand for popcorn would shift to the left because popcorn and movies are substitute goods
b. the demand for popcorn would shift to the left because popcorn and movies are complementary goods. c. the demand for popcorn would shift to the right because popcorn and movies are substitute goods. d. the demand for popcorn would shift to the right because popcorn and movies are complementary goods.
If a bank receives $1,000 in currency as a new deposit, its ability to make loans increases by $1,000
a. True b. False Indicate whether the statement is true or false
Examples of monopolistically competitive markets include the markets for
a. restaurants and furniture. b. wheat and corn. c. postage stamps and wooden pencils. d. All of the above are correct.