How does an increase in income affect the market for bus rides (inferior good)?
a. The demand curve for bus rides to shift to the right
b. The demand curve for bus rides to shift to the left
c. The supply curve for bus rides to shift to the right
d. The supply curve for bus rides to shift to the left
b
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The Eurocurrency market grew due to a lack of regulation, which permits greater efficiency in providing banking services
Indicate whether the statement is true or false
The World Bank has estimated that private saving changes by how much when government spending increases by $1?
a. Private saving increases by $0.30. b. Private saving decreases by $0.30. c. Private savings increases by $1.00. d. Private savings decrease by $1.00.
Which of these has the most elastic demand?
A. Filet Mignon steak B. Bread C. Heart medicine D. Insulin (diabetes medicine)
An increase in the real exchange rate indicates that
A) domestic goods are now relatively cheaper. B) domestic goods are now relatively more expensive. C) foreign goods are now relatively cheaper. D) both B and C