A decrease in demand for cameras would likely be caused by
A. a decrease in the price of cameras.
B. an increase in the price of a substitute good.
C. an increase in the price of cameras.
D. an increase in the price of a complementary good.
Answer: D
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If pizza is measured on the horizontal axis and pretzels are measured on the vertical axis, the slope of the production possibility frontier at a given combination reflects
A) the total cost of producing that combination. B) the total cost of producing that quantity of pizza in terms of pretzels. C) the cost of making the last pizza in terms of pretzels. D) the cost of making the last pretzel in terms of pizza.
If an investor thinks interest rates are likely to rise, she would:
A. sell her bonds and hold more money. B. buy more bonds now and hold less money. C. not change her money holdings at all. D. not alter her bond portfolio until interest rates actually rise.