If the quantity of tacos is measured along the horizontal axis and the quantity of movies is measured along the vertical axis, and the price of a taco is $2.00 while the price of a movie is $12, then the slope of the budget line is
A. -1/3.
B. -1/6.
C. -6.
D. -3.5
Answer: B
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The following table shows values of annual real GDP per capita over time. Use it to answer the next question.1810$1,5001860$2,1001910$3,9001960$18,0002010$43,600What was the rate of growth in real GDP per capita between 1810 and 2010?
A. 2,807% B. 2,907% C. $43,600 D. $42,100
The figure above shows the market for milk. If 100 gallons of milk a day are available, the ________ price that consumers are willing to pay for the last gallon is ________
A) maximum; $2.50 B) minimum; $3.00 C) maximum; $4.00 D) minimum; $4.00
The Department of Justice generally
A. is not involved in merger policy. B. opposes horizontal mergers but permits conglomerate mergers. C. opposes only mergers that might reduce competition. D. opposes mergers whose apparent motive is obtaining economies of scale.
A banking panic is an episode in which:
A. depositors, afraid of increasing interest rates, attempt to engage in discount-window borrowing at the Federal Reserve. B. depositors, spurred by news or rumors of possible bankruptcy of one bank, rush to withdraw deposits from the banking system. C. commercial banks, concerned about high interest rates, rush to borrow at the Federal Reserve discount rate. D. commercial banks, fearing Federal Reserve sanctions, unwillingly participate in open-market operations.