The introduction of sweep accounts
A) was an open market purchase.
B) was a failure.
C) had no effect.
D) caused a reduction in the demand for money.
D
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If the price of a slice of pizza rises from $2.50 to $3, and quantity demanded falls from 10,000 slices to 7,400 slices, using the formula for arc price elasticity what is the percentage change in quantity?
A) -18.18% B) -29.89% C) -26% D) -35.14%
A decrease in the price of peanut butter will cause a leftward shift of the supply curve of peanut butter
a. True b. False
A family that earns $20,000 a year pays $400 a year in taxes on clothing. A family that earns $40,000 a year pays $200 a year in taxes on clothing. The tax on clothing is
A. a progressive tax. B. a regressive tax. C. a proportional tax. D. a benefits-received tax.
In Likpe Mate, one of the Paramount seat villages within the newly created region, Oti Region, the sellers have agreed among themselves to sell food items in turns. Thus, if one-person cook waakye today, she has to wait for the next three days for others to also sell similar waakye before selling same waakye again. Due to such arrangement among the sellers in the village, consumers are complaining of high prices of food despite the village being a farming community. Should the people of Likpe Mate adopt ‘free competitive market’ as proclaimed by economists? Discuss