If e-books begin to be the most popular form of textbooks, it is
A. likely to increase costs to students.
B. in the best interests of publishers and authors.
C. likely to be self-defeating for publishers.
D. in the best interests of traditional book stores.
Answer: B
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A tariff on a good increases the domestic price of the good, increases domestic production of the good, reduces the amount of the good sold, and decreases imports of the good
a. True b. False Indicate whether the statement is true or false
If a country had a nominal GDP of $800 million, and the GDP Deflator was 95, what is the real GDP?
a. $750 million b. $828 million c. $950 million d. $842 million
A decrease in the supply of a good will result in a rightward shift in the demand curve for the good
a. True b. False Indicate whether the statement is true or false
Exhibit 8-2 Consumption function
As shown in Exhibit 8-2, dissaving occurs:
A. at $5 trillion. B. between 0 and $4 trillion. C. where disposable income is greater than $4 trillion. D. at $8 trillion.