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Author Question: The preferences of the representative consumer over consumption and leisure are represented by use ... (Read 92 times)

LaDunn

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on: Jun 30, 2018
The preferences of the representative consumer over consumption and leisure are represented by use of a
 
  A) production function.
  B) utility function.
  C) benefit function.
  D) preference function.

Question 2

The credit spread refers to ________.
 
  A) the extent to which financial instruments are distributed among households at different income levels in a given society
  B) the difference between the London Inter-Bank Offered Rate (LIBOR) and the fed funds rate
  C) the price elasticity of household debt
  D) the interest-rate differential between risky bonds and U.S. Treasury bonds


joewallace

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


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