A decrease in price of a certain good most likely will lead to
a. an increase in quantity demanded and an increase in demand.
b. an increase in quantity demanded but no change in demand.
c. an increase in demand but no change in quantity demanded.
d. no change in demand and no change in quantity demanded.
b
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Last Tuesday you purchased 100 shares of Jitters Coffee Company, a corporation, for $25.00 per share. Unfortunately, the company went bankrupt later that same day
If the company still owed $1 million in debts after all assets have been liquidated and there are 1 million stockholders, what would be your personal loss from the remaining debt? A) $0 B) $1.00 C) $100.00 D) $1 million
The supply of and demand for bank reserves determines the
A) Treasury bill rate. B) prime rate. C) discount rate. D) federal funds rate.
We say that money is a medium of exchange because it represents:
A. a certain amount of purchasing power held over time. B. something you can use to purchase goods and services. C. something you can directly offer, like any good or service, in exchange for some good or service you want. D. a standard unit of comparison.
A special interest group has a good chance of redistributing (transferring) income from others to itself if the
A) costs of the transfer are spread over a very large number of people. B) costs of the transfer are spread over a very small number of people. C) costs of the transfer are spread over the same number of people that comprise the special interest group. D) the number of members in the special interest group is greater than 100. E) none of the above