A rational consumer will always shift a dollar from a good whose marginal-utility-to-price ratio is lower to one whose marginal-utility-to-price is higher

Based on the data in Table 3.1

A) Jesse should specialize in both goods. B) Jesse should specialize in painting kites and trade for snowboards. C) Jesse should specialize in painting snowboards and trade for kites. D) April should specialize in both goods.

American businesses get their external funds primarily from

A) bank loans. B) bonds and commercial paper issues. C) stock issues. D) loans from nonbank financial intermediaries.