Demand for low budget items, such as candy, is generally ________ than demand for large budget items, such as automobiles.
A. higher
B. lower
C. more elastic
D. less elastic
Answer: D
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On the graph above, a possible cause of the rightward shift of the IS curve is an increase in ________
A) foreign demand for domestic goods B) taxes C) domestic demand for foreign goods D) the exchange rate E) none of the above
Which of the following is not a tax-deferred saving method?
a. IRAs b. Keogh plans c. 403(b) plans d. Kemp IRA
Opportunity cost is best defined as the:
a. sum of all alternatives given up when a choice is made. b. money spent once a choice is made. c. highest-valued alternative given up when a choice is made. d. cost of a good minus the satisfaction obtained from consuming it. e. cost of capital resources used in the production of additional capital.
When a new deposit is made at a bank, required reserves represent the fraction of total deposit that the bank can loan out to borrowers
Indicate whether the statement is true or false