Grocery shoppers who willingly pay high prices at one supermarket to avoid long lines at the check-out counter of another supermarket with lower prices demonstrate, through their actions,
A) they are not rational shoppers.
B) they don't care about money.
C) they would pay any amount of money to save a little time.
D) all of the above.
E) none of the above.
E
Economics
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Under a fixed exchange rate system, if the inflation rate of the United States is less than the inflation rate of other nations, the
A) United States will develop a trade surplus. B) dollar will appreciate. C) United States will develop a trade deficit. D) dollar will depreciate.
Economics
Futures contracts are least likely to be traded on which of the following exchanges?
A) New York Stock Exchange B) Chicago Board of Trade C) Chicago Mercantile Exchange D) All of the above are equally likely to trade futures contracts.
Economics