A physical book that sells new for $125 will rent for around
A. $75.
B. $100.
C. $62.50.
D. $50.
Answer: C
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Consider a production possibilities frontier with corn on the vertical axis and cars on the horizontal. Unusually good weather for growing corn shifts
A) the horizontal intercept rightward and the vertical intercept upward. B) the horizontal intercept rightward but does not shift the vertical intercept. C) the vertical intercept upward but does not shift the horizontal intercept. D) neither the horizontal intercept nor the vertical intercept.
Prices play a smaller role in _____, in contrast to other modes of governance like _____ and _____
a. hierarchies; markets; contracts b. contracts; hierarchies; markets c. markets; hierarchies; contracts d. etiquette; markets; contracts
The degree to which _____ declines during a recession or increases during an expansion depends on the amount by which the AD and/or AS curves shift
a. real GDP b. government tax revenue c. the money supply d. real interest rate e. the consumer price index
Consumers are often a primary source of discrimination in labor markets
a. True b. False Indicate whether the statement is true or false