Student loans are
A. rarely discharged (forgiven) in bankruptcy.
B. collected first in bankruptcy proceedings.
C. treated no differently than other obligations in bankruptcy.
D. usually discharged (forgiven) in bankruptcy.
Answer: A
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Everything else held constant, when stock prices become ________ volatile, the demand curve for bonds shifts to the ________ and the interest rate ________
A) more; right; rises B) more; right; falls C) less; left; falls D) less; left; does not change
Wage contracts force businesses to adjust wages rather than employment in response to an unexpected change in aggregate demand
a. True b. False Indicate whether the statement is true or false
Suppose the price of a bag of frozen chicken nuggets decreases from $6.50 to $5.75 and, as a result, the quantity of bags demanded increases from 600 to 800 . Using the midpoint method, the price elasticity of demand for frozen chicken nuggets in the given price range is
a. 0.35. b. 0.43. c. 2.33. d. 2.89.
A price-setting firm
A. can raise the price of its product and sell the same number of units. B. can lower the price of its product and sell more units. C. possesses little market power. D. sells a product that is not differentiated from the product sold by its rivals or sells in a limited geographic market area with only one or a few sellers.