Which one of the following factors would increase the demand for oranges?
a. an increase in the price of grapefruit, a substitute product
b. a reduction in the price of bananas, a substitute product
c. development of a line of high-yield orange trees that are also more freeze resistant
d. a decrease in consumer income
A
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The interest rate that the Fed charges on loans made directly to banks is called ________.
A. the prime rate B. the discount rate C. interest on reserves D. the federal funds rate
Factors that cause a decrease in the demand for credit at a given real interest rate cause:
A) the credit demand curve to shift to the right. B) an upward movement along the credit demand curve. C) the credit demand curve to shift to the left. D) a downward movement along the credit demand curve.
The real return of money is
A) 0. B) -r. C) -R. D) -i.
Which of the following are reasons to consider the protective role of the state in an economic framework?
a. The protection of rights is necessary for a functioning economy. b. The protection of rights comprises a large portion of the government spending. c. The protection of rights is necessary for international trade. d. Both a and b. d. Both a and c.