Which of the following students would be most likely to drop out of college before completing their degree?
A) a junior secondary education major who has just read about the substantial improvement in the job opportunities available for teachers with a college degree
B) a senior physics major with a solid B average
C) an outstanding baseball player in his junior year that just received a $500,000 offer from a professional team
D) a junior economics major who wants to attend law school
C) an outstanding baseball player in his junior year that just received a $500,000 offer from a professional team
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The above table has the demand and supply schedules for money. If the Fed increases the quantity of money by $0.1 trillion, the new equilibrium nominal interest rate is
A) 5 percent. B) 7 percent. C) 6 percent. D) 9 percent. E) 8 percent.
The above table gives the demand and supply schedules for Blu-ray discs. Based on the table, the equilibrium quantity and price of a Blu-ray discs is
A) 28,000 and $12. B) 20,000 and $20. C) 16,000 and $24. D) 16,000 and $16.
When the price of compact disc players decreases, the demand for compact discs rises while the demand for cassette tapes decreases. What does this imply about the relationship between compact disc players, compact discs, and cassette tapes?
What will be an ideal response?
Exchange rates are determined in
A) the money market. B) the foreign exchange market. C) the stock market. D) the capital market.