The marginal utility from consuming the second ice cream cone is
a. the extra satisfaction you get from consuming the second ice cream cone.
b. the extra satisfaction you get from consuming the first ice cream cone.
c. the total satisfaction you get from consuming both ice cream cones.
d. none of the above.
a. the extra satisfaction you get from consuming the second ice cream cone.
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Which is an example of restrictive fiscal policy?
A) An increase in the discount rate B) An increase in the federal funds rate C) An increase in reserve requirements D) A lowering of tax rates E) A lowering of government spending
Two duopoly firms form a cartel. They decide to collude and fix the price of their good. Each individual firm will earn the highest profit if
A) it cheats and the other sticks with the agreement. B) both stick with the agreement. C) it sticks with the agreement and the other cheats. D) they both cheat.
You have just graduated from college and are buying a brand new car. There are two on the lot: a green one and a blue one. Both have the same features for the same price. Is there a potential asymmetric information problem?
What will be an ideal response?
Which of the following transactions represents a credit on the financial account of the U.S. balance of payments?
A. Oil is imported from Venezuela B. United States firms pay dividends to foreigners C. United States citizens purchase foreign securities D. A Canadian firm increases its direct investment in its U.S. branch