Pts your entertainment price index epi was computed

This preview shows page 36 - 40 out of 86 pages.

Question 162 / 2 ptsYour entertainment price index (EPI) was computed based on three goods: movie tickets, popcorn, and limeade. If you change the quantity of these goods from this year to next year and the prices of two of the three goods increase while the other price falls, then your EPIwould definitely fall during the year in question if, and only if, you buy less of all the goods in question.would definitely rise during the year in question because two of the three goods became more expensive.Correct!might rise or fall, contingent on both the quantity of the goods that you bought and the prices of these goods.might rise or fall, contingent only on the quantity of the goods that you bought and regardless of the prices of these goods.might rise or fall, contingent only on the percentage of the market basket that these goods constituted and the percentage that each good occupied within the basket, regardless of the quantity change from year to year.
Question 172 / 2 ptsYour friend Jamarcus is an award-winning chef. Jamarcus wants to start his own restaurant in Denver but is unable to obtain a loan from his local bank. Jamarcus has decided to issue a one-
year bond with a face value of $6,000 and an interest rate of 10 percent. If you wanted to buy thisbond, what would be the initial price?
Question 180 / 2 ptsSecondary markets are a valuable institution of market economies because they
Question 192 / 2 ptsMost people who purchase stocks and bonds use brokers, who buy the stocks and bonds in ________ markets.
Question 202 / 2 ptsAll else equal, the greater the default risk, the ________ of the bond.higher the face valuehigher the priceCorrect!lower the pricelower the face valuelower the interest rate
Question 212 / 2 ptsThe marginal product of an input is defined as the
Question 222 / 2 ptsAnnual real per capita gross domestic product (GDP) in Western Europe was roughly $31,000 in 2000. If it grew by 4 percent the following year, by 2001 the annual real per capita GDP would be

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture