In an open economy, total income is the sum of exports and imports
Indicate whether the statement is true or false
FALSE
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Liz's marginal utility for two different goods is determined by
A) her average utility for the two goods. B) how much benefit she gets from another unit of each of those goods. C) summing her total utility from consumption of each good and then dividing by two. D) All of the above answers are correct.
A bank with some monopoly power may be able to __________ the rate on its deposits and so __________ its net interest income
A) lower, lower B) lower, raise C) raise, lower D) raise, raise
Supply chain management is a recent development in organizational structure
Indicate whether the statement is true or false
John reads in a local newspaper that a decrease in the demand for money has resulted in a decrease in the interest rate. He realizes that this is the prime time to buy a car with low interest rates. Which of these factors is driving John's demand in this example?
a. The interest rate effect b. The exchange rate effect c. The wealth effect d. The accelerator effect