Which of the following factors would economists consider "key" to economic development?
A. establishing a system of property rights
B. expansionary monetary policy
C. policies that promote consumption expenditures by households
D. All of these are correct.
Answer: A
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The European Union antitrust law focuses on which of the following?
A) efficiency B) the leveling of the competitive playing field C) furthering the social interest D) the means to monopolize a market
A ____ is a type of derivative in which the seller promises to pay the buyer of a particular security the value of that security if it goes into default
a. credit default swap b. derivative c. mortgage backed security d. futures contract
If the interest rate rises, an individual could choose to
a. increase consumption when young. b. increase consumption when old. c. decrease consumption when young. d. Any of the above could be correct.
Suppose you have one hour to catch a flight to Miami for spring break, and it takes 45 minutes to drive to the airport. Your car is almost out of gas and the price of gas at the closest gas station is higher than at other gas stations that are much farther away. To you, the price elasticity of demand for gas is likely to be ________ than it would be if you had several hours before the flight.
A. lower B. more variable C. no different D. higher