One of the reasons that neighboring countries tend to ally is similar consumer tastes.
a. true
b. false
a. true
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What appears on the asset side of a bank's balance sheet?
A. excess reserves B. loans. C. required reserves. D. all of the above
A good that is similar to another, and can be consumed in place of it, is called
A) a normal good. B) an inferior good. C) a complementary good. D) a substitute good.
The manager of Slick Lens, a sunglasses manufacturer, notices that the cost to purchase lenses for their sunglasses in the spot market has increased. As a result of the change, which of the following is true?
A) The manager has more of an incentive to integrate backward. B) The manager has less of an incentive to integrate backward. C) The manager has more of an incentive to integrate forward. D) The manager has less of an incentive to integrate forward.
One reason the demand curve slopes ________ is that as prices fall ________.
A. upward; more people find that the price is now less than their reservation price B. downward; fewer people find that the price is now less than their reservation price C. downward; more people find that the price is now less than their reservation price D. upward; fewer people find that the price is now less than their reservation price