Your purchase of a Gucci purse made in Italy would be classified as:
A. an export.
B. an investment good.
C. a durable good.
D. an import.
Answer: D
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Unlike indifference curves, isoquants can intersect
Indicate whether the statement is true or false
When banks reduce the reserve ratio, the potential money multiplier
A) increases. B) decreases. C) remains unchanged. D) sometimes increases, and sometimes decreases depending on the rate of inflation.
Medicare requires individuals to take a standard health test first, but Medicaid does not.
A. True B. False C. Uncertain
Exhibit 1A-4 Straight line
In Exhibit 1A-4, as X increases along the horizontal axis, corresponding to points A-D on the line, the Y value remains unchanged at 40 units. The relationship between the X and Y variables is:
A. direct. B. inverse. C. independent. D. undefined.