A tax on sellers shifts the supply curve but not the demand curve
a. True
b. False
Indicate whether the statement is true or false
True
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If you pay $35 for a sticker that entitles you to park on campus for 35 weeks of the academic year, the marginal dollar cost to you of parking your car on campus on any given weekday will be
A) $35. B) $1. C) $.20. D) zero. E) negative.
The figure above shows Ilene's budget line. The price of a can of cat food is $2. If the price of a can of cat food rises, her budget line will
A) rotate inward toward the origin. B) rotate outward away from the origin. C) shift leftward in a parallel manner. D) shift rightward in a parallel manner.
The leverage ratio is calculated as
a. assets minus liabilities. b. assets divided by bank capital c. the reciprocal of the required reserve ratio d. the required reserve ratio multiplied by bank capital.
An indifference curve between one dozen eggs and several dozens of eggs would be
A) bowed in to the origin. B) bowed out from the origin. C) a downward sloping straight line. D) a straight line from the origin.