Which of the following indifference curves maximizes utility or satisfaction given the consumer's budget line for sodas and cookies?
A. U1
B. U2
C. U3
D. U4
Answer: C
Economics
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A financial institution that wants a 5 percent real return on its loans and contemplates a 4 percent annual inflation rate should loan at a nominal interest rate of approximately
A) minus 1 percent. B) 1 percent. C) 9 percent. D) 15 percent. E) 20 percent.
Economics
The use of controlled experiments using particular substances to test hypotheses is most likely to be found in:
A) chemistry. B) economics. C) history. D) the humanities.
Economics