When the interest rate increases, the opportunity cost of holding money
a. increases, so the quantity of money demanded increases.
b. increases, so the quantity of money demanded decreases.
c. decreases, so the quantity of money demanded increases.
d. decreases, so the quantity of money demanded decreases.
b
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Lisa spends all her income on pizzas and DVDs. The above table shows Lisa's marginal utility for pizza and marginal utility for DVDs
If the price of a pizza is $10 and the price of a DVD is $10 and Lisa has $60 to spend on the two goods, what combination of pizza and DVDs will maximize her utility? A) 2 DVDs and 4 pizzas B) 3 DVDs and 5 pizzas C) 4 DVDs and 2 pizzas D) 3 DVDs and 3 pizzas
Oligopolies can end up looking like competitive markets if the number of firms is
a. large and they all cooperate. b. large and they do not cooperate. c. small and they all cooperate. d. small and they do not cooperate.
Define the term "import."
What will be an ideal response?
In which one of the following currencies is an international loan likely to be measured?
a. German mark b. Japanese yen c. Chinese yuan d. Swiss franc