An increase in the price of electronic cash registers will
a. increase the demand for cashiers if electronic cash registers are a complementary resource
b. reduce the demand for cashiers if electronic cash registers are a complementary resource
c. reduce the quantity of electronic cash registers supplied
d. reduce the demand for manual cash registers
e. reduce the average cost of retail stores
B
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The WTO seems at times to be interfering in domestic policy since
A) the line between domestic policies and de factor protectionism is often fuzzy. B) it is a supra-national organization with the power to overturn governments. C) it determines which nations may trade what with whom. D) it punishes naughty nations. E) it exempts the U.S. and other powerful member nations from many of its edicts.
The net result of deflation is to:
A. decrease consumption and investment, decreasing aggregate demand. B. decrease consumption and increase investment, decreasing aggregate demand overall. C. increase consumption and investment, increasing aggregate demand. D. increase consumption and decrease investment, increasing aggregate demand overall.
If Thailand fixes the foreign exchange value of its currency and follows a highly expansionary monetary policy,
a. Thailand will be unable to maintain both the fixed-exchange rate and the full convertibility of its currency b. Thailand will experience rapid economic growth. c. it will be easier for Thailand to engage in international trade. d. Thailand will have relatively low rates of inflation.
Holding $10 in your pocket to purchase a piping hot pizza illustrates the
A) speculative demand for money. B) transfer demand for money. C) precautionary demand for money. D) transactions demand for money.