The average consumer spends ___ days shopping for airline tickets
Fill in the blank(s) with the appropriate word(s).
Ans: 12
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By 2006, 20 percent of the mortgage market consisted of:
A. subprime loans, while 80 percent were still regular prime mortgages. B. prime loans, and an overwhelming 80 percent had become subprime mortgages. C. securitized loans, and the rest were backed by the government. D. individual mortgage loans, and an overwhelming 80 percent had become securitized loans.
If a decision maker uses marginal analysis, then the relevant costs are the
A. full costs of a particular activity or product. B. fixed costs that do not vary with the extra activity or output. C. profits obtained on the activity or product. D. average costs for a particular activity or product. E. additional costs of a particular activity or product.
Refer to Table 9-5. If the required reserve ratio is 10% and the market interest rate is 8%, what is Bolton Bank's opportunity cost of holding the excess reserves it is currently holding?
A) $5.6 million B) $3.2 million C) $0.8 million D) 0; Bolton Bank has no excess reserves.
GDP does not include which of the following activities?
A. Businesses installing anti-pollution equipment B. Households spending to enhance security of their neighborhoods C. Couples remodeling their own homes D. Families eating out in restaurants