As the price of milk increases, producers are normally willing to supply greater quantities. This is known as the law of

a. demand
b. gravity
c. variable proportions
d. profitability
e. supply

E

Economics

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In terms of dollars, the marginal benefit of working five days a week instead of four days a week is

A) the wages received for the fifth day of work. B) the wages received for 5 days of work. C) the wages received for 4 days of work. D) None of the above answers is correct.

Economics

When domestic and foreign currency bonds are imperfect substitutes, the domestic interest rate (R) can be written as

A) R = R - (Ee - E)/E + ?. B) R = R - (Ee - E)/E. C) R = R + (Ee - E)/E + ?. D) R = R - (Ee + E)/E + ?. E) R = R - (Ee - E)?.

Economics