Refer to the above table. You are given information on Jasmin's consumption for 2005 and 2015. Using 2005 as the base year, compute the price index for 2015. The index equals
A) 1.5.
B) 70.588.
C) 141.667.
D) 107.143.
C
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A firm that can sell essentially the same product with the same quality under different brand names that have different perceived quality, the firm
A) has a moral hazard problem. B) creates noise in the market. C) creates an arbitrage opportunity. D) is engaging in unfair trading practices.
The best example of a durable good is
a. food b. clothing c. tobacco d. gasoline e. an automobile
Employers near military bases are aware that wives generally accompany their servicemen husbands when they are transferred. When presented with nonservice-wife applicants and wives of servicemen, they hire the nonservice-wife applicants. This is an example of
a. gender discrimination. b. statistical discrimination. c. economic discrimination. d. prejudicial discrimination.
When a bank loans out $1,000, the money supply
a. does not change. b. decreases. c. increases. d. may do any of the above.