The theory of consumer choice examines how
a. firms make profit-maximizing decisions.
b. consumers make utility-maximizing decisions.
c. wages are determined in competitive labor markets.
d. prices are determined in competitive goods markets.
b
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All of the following were reasons that the Fed increase the required reserve ration in 1936 EXCEPT:
A) concerns over the possibility of future inflation B) to eliminate the high level of excess reserves C) fears that the economy was overheating D) concerns over a speculative bubble
Job candidates during a job search will seek to provide employers with ________ but avoid providing ________:
A. positive signals; negative signals. B. negative signals; positive signals. C. truthful information; false information. D. as much information as possible; private information.
According to the graph shown, the market price is:
A. $15
B. $9
C. $11
D. $20
To avoid a coordination failure, the intentions of savers and investors must be both
A. increasing. B. at their planned levels. C. more than full employment GDP. D. at levels set by the government.