The demand by all the consumers of a given good or service is the ________ for the good or service
A) market demand
B) quantity demanded
C) law of demand
D) scheduled demand
Answer: A
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You wish to buy only one CD. Use the rule of equal marginal utility per dollar to determine which one to purchase:
(a) Drake's latest CD for $15 which gives you 75 units of utility, or (b) Bob Dylan's "Shadows in the Night" for $10 that gives you 100 units of utility?
As a country begins to liberalize its capital account, what would you expect to happen to the difference between the interest rates for similar assets in this country and another country with open capital markets?
A) get larger B) get smaller C) stay the same D) it depends on the existing exchange rate. E) exponential divergence
The random walk model is an example of a
A) deterministic trend model. B) binomial model. C) stochastic trend model. D) stationary model.
Gross domestic product is
What will be an ideal response?