The bond markets are important because they are

A) easily the most widely followed financial markets in the United States.
B) the markets where foreign exchange rates are determined.
C) the markets where interest rates are determined.
D) the markets where all borrowers get their funds.

C

Economics

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Refer to the table below. If the price per unit of labor were to increase from $2 to $3, the most efficient production technique would then be:

The following table illustrates alternative production techniques for producing 18 widgets that can be sold for $1 each for a total revenue of $18.



A. A
B. B
C. C
D. D

Economics

In each of the following situations, list what will happen to the equilibrium price and the equilibrium quantity for a particular product, which is an inferior good

a. The population decreases and productivity increases b. Income increases and the price of inputs increase c. The number of firms in the market decreases and income decreases d. Consumer preference decreases and the price of a complement increases e. The price of a substitute in consumption increases and the price of a substitute in production increases

Economics