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