A sale of U.S. government securities by the Fed causes a(n)
A. expansion of the money supply equal to the amount of the securities sold.
B. expansion of the money supply of more than the amount of the securities sold.
C. contraction of the money supply equal to the amount of the securities sold.
D. contraction of the money supply of more than the amount of the securities sold.
Answer: D
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Based on the table showing poverty for different groups, which racial group has the lowest poverty rate?
a. Asians
b. Blacks
c. Hispanics
d. Whites, not Hispanic
Matt has decided to purchase his textbooks for the semester. His options are to purchase the books online with next day delivery at a cost of $175, or to drive to campus tomorrow to buy the books at the university bookstore at a cost of $170. Last week he drove to campus to buy a concert ticket because they offered 25 percent off the regular price of $16. The benefit to Matt of driving to campus to buy the concert ticket last week was:
A. $9 B. $4 C. $16 D. $2
When the price of tea decreases 7%, quantity demanded increases 12%. The price elasticity of demand for tea is ________ and total revenue from tea sales will ________.
A. inelastic; decrease B. elastic; increase C. elastic; decrease D. inelastic; increase
A medical researcher suggests that the new flu shot will prevent all forms of the flu, but it was never tested or proved to be true. Which of the following antitrust acts are being violated?
A. Clayton Act B. Sherman Act C. Federal Trade Commission Act D. No Antitrust law is being violated