When the price level rises, the number of dollars needed to buy a representative basket of goods
a. increases, and so the value of money rises.
b. increases, and so the value of money falls.
c. decreases, and so the value of money rises.
d. decreases, and so the value of money falls
b
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Self-control issues exist for several areas for most people. Which of the following is not on the usual list?
a. Using credit or debit cards b. Mail order clubs or buying online c. Malls, shopping centers or other types of in-person shopping d. Antiques
If a firm is a natural monopoly, society will benefit if it is broken into several small companies.
Answer the following statement true (T) or false (F)
An increase in capital inflows will
A) increase the equilibrium exchange rate. B) increase net foreign investment. C) increase capital outflows. D) decrease capital outflows.
If an increase in consumer incomes causes the demand curve for product Z to shift to the left, then it can be said that product Z is a(n):
a. Inexpensive good b. Normal good c. Luxury good d. Inferior good