The demand for money curve is drawn with
A. nominal Gross Domestic Product (GDP) on the horizontal axis and the curve sloping down.
B. the interest rate on the vertical axis and the curve sloping down.
C. the interest rate on the vertical axis and the curve sloping up.
D. nominal Gross Domestic Product (GDP) on the vertical axis and the curve sloping up.
Answer: B
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Refer to the above table. The marginal utility of the 2nd movie for Robert is
A) 95 units of utility. B) 90 units of utility. C) 80 units of utility. D) 190 units of utility.
Which of the following is necessary for a market to be deemed "perfectly competitive"?
A) All firms are price searchers. B) All participants enjoy full and complete information. C) Sellers produce of different quality, durability, and desirability. D) All of the above are necessary. E) None of the above are necessary.
An economy with a trade surplus will experience a net inflow of international financial capital
a. True b. False Indicate whether the statement is true or false
An individual has an absolute advantage in producing pizzas if that individual:
A. can produce more pizzas in a given amount of time than anyone else. B. has a lower opportunity cost of producing pizzas than anyone else. C. has a higher opportunity cost of producing pizzas than anyone else. D. charges the lowest price for pizzas.