Figure 4.3 illustrates the demand for tacos. A successful advertising campaign to sell tacos would bring about a movement from
A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1.
D
You might also like to view...
Most of the increase in the monetary base between 2007 and 2012 was due to increases in:
A) currency B) bank deposits C) excess reserves D) Treasury bills
Suppose the price of beans rises from $1.00 a pound to $2.00 a pound, quantity demanded falls from 10 units to 6 units. In this example, the demand for beans is said to be
A) relatively elastic. B) relatively inelastic. C) perfectly elastic. D) perfectly inelastic.
Checkable and debitable accounts in commercial banks and other financial institutions are classified as money because
A) they are not liabilities of the banks. B) they sometimes earn an interest income for the depositor. C) they are generally acceptable in the payment of debt. D) banks hold currency in their vaults equal to the value of demand deposits.
If I trade a ginger snap for a chocolate chip cookie, I am engaging in
a. barter b. comparative advantage c. absolute advantage d. privatization e. division of labor