The negative slope of the demand curve reflects the
a. positive relationship between price and quantity
b. proportional relationship between price and quantity
c. inverse relationship between price and quantity
d. positive relationship between income and quantity
e. inverse relationship between income and price
C
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The figure above shows the market for tires. The figure shows that the government has imposed a tax of ________ per tire and that ________ pay most of the tax
A) $30; buyers B) $40; buyers C) $30; sellers D) $60; sellers E) $60; buyers
The general trend in health care policy during the twentieth century has been _____
a. towards preventing the spread of communicable diseases b. towards ensuring that pharmaceuticals and physicians are well-regulated c. focused on general health care expenditures d. focused on general public health issues
Offshoring does not affect the percentage of U.S. workers employed in manufacturing
a. True b. False Indicate whether the statement is true or false
Assume all banks in the system started have a 10 percent required reserve ratio and the Fed made a $20,000 open market purchase. The result would be a(n):
A. $200,000 expansion of the money supply. B. $20,000 expansion of the money supply. C. $20,000 contraction of the money supply. D. infinite contraction of the money supply.