How would an increase in the price of paper influence the market for college textbooks?
a. The supply of textbooks would increase causing the price of textbooks to fall.
b. The supply of textbooks would increase causing the price of textbooks to rise.
c. The supply of textbooks would decrease causing the price of textbooks to fall.
d. The supply of textbooks would decrease causing the price of textbooks to rise.
D
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You're traveling in Japan and are thinking about buying a new kimono. You've decided you'd be willing to pay $175 for a new kimono, but kimonos in Japan are all priced in yen. If the exchange rate is 89 yen per dollar, what is the highest price in yen
you'd be willing to pay for a kimono? (Assume no taxes or duties are associated with the purchase.) A) 1.97 yen B) 330.75 yen C) 15,575 yen D) 19,425 yen
Since the future holds more uncertainty over longer periods of time, lenders generally want a:
A. constant interest rate for loans over the period of the loan. B. higher interest rate for loans over a longer period. C. lower interest rate for loans over a longer period. D. higher interest rate for loans over a shorter period.