When the nominal interest rate increases, the quantity of credit card services
A) increases.
B) decreases.
C) stays constant.
D) moves in unpredictable ways.
A
Economics
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Assuming that one dollar trades for 50 rupees, what is the dollar cost of 750 rupees?
A) $50 B) $75 C) $5 D) $15
Economics
A perfectly inelastic demand curve is
A) a horizontal straight line. B) a vertical straight line. C) a downward sloping straight line that intersects the horizontal axis at the origin. D) an upward sloping straight line that crosses the vertical axis.
Economics
The short-run aggregate supply curve is most likely to shift down (to the right) if:
A. input prices fall. B. productivity falls. C. sales taxes increase. D. wages rise.
Economics
Briefly discuss the effects of export subsidies given a competitive industry.
What will be an ideal response?
Economics