Assume that coffee and tea are substitutes for each other. If weather conditions cause a substantial portion of the available coffee crop to be destroyed, then most probably:
a. the price of tea will decrease
b. the price of coffee will decrease.
c. the price of tea will increase
d. none of the above
c
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Which of the following is included in a nation's current account?
I. the import of services II. a change of foreign currency holdings III. net transfers, such as foreign aid payments A) I and III B) I and II C) II and III D) III only
The political business cycle refers to the possibility that:
a. incumbent politicians will be reelected regardless of the state of the economy. b. politicians will manipulate the economy to enhance their chances of being reelected. c. there are more recessions prior to elections. d. recessions coincide with election years.
Which is NOT a legal reserve?
A. Vault cash B. Government securities C. Deposits at a Federal Reserve Bank
Voters' Ordered PreferencesAbbyBobCarloPublic parksPublic zooPublic transportationPublic zooPublic transportationPublic parksPublic transportationPublic parksPublic zooIf a pair-wise majority vote was held, the voters' preferences are shown in the table, and Carlo is setting the agenda for votes, which pair will he put up for vote first?
A. Public zoo and public parks B. Public transportation and public zoo C. It will not matter, as it will not affect the outcome of the voting. D. Public parks and transportation