Assume that Dusty has $30 in income, the price of a loaf of bread is $1.50, and the price of a jar of peanut butter is $3. Dusty can buy a maximum of ________ loaves of bread or a maximum of ________ jars of peanut butter.
A. 10; 20
B. 15; 15
C. 20; 10
D. 10; 5
Answer: C
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A) lower; lower; lowering B) raise; lower; raising C) lower; lower; raising D) raise; higher; lowering E) lower; higher; lowering
The Keynesian range of the aggregate supply curve applies when the economy is at or near full employment
a. True b. False Indicate whether the statement is true or false
Sam, a fish wholesaler, entered into a contract with a department store to supply herring at a price of $2.50 per pound for a year. When a hurricane closed most fisheries Sam increased the price to $3.25 per pound and refused to sell at the old price. Sam's behavior is an example of opportunism
Indicate whether the statement is true or false
Which of the following transactions would be included in the U.S. balance of payments?
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