The term cross-price refers to the idea that:

a. the price of one good is affecting the quantity demanded of a different good.
b. the demand of one good is affecting the quantity demanded of a different good.
c. the price of one good is affecting the quantity supplied of a different good.
d. the supply of one good is affecting the quantity demanded of a different good.


a. the price of one good is affecting the quantity demanded of a different good.

Economics

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A bond that never matures is known as a

a. perpetuity. b. an intermediary bond. c. an indexed bond. d. a junk bond.

Economics

The following table shows Jay's estimated annual benefits of holding different amounts of money.Average money holdingsTotal benefit$100$20$200$29$300$36$400$41$500$44 How much money will Jay hold if the nominal interest rate is 4 percent? (Assume he wants his money holdings to be in multiples of $100.)

A. $300 B. $100 C. $400 D. $200

Economics

Refer to the above graph. The profit-maximizing monopolist shown sets its price and output at:

A. 0G and 0Y, respectively. B. 0J and 0V, respectively. C. 0H and 0X, respectively. D. 0G and 0V, respectively.

Economics

Technological change that affects the marginal products of high-skilled and low-skilled workers differently is called ________ technological change.

A. marginal-productivity B. capital-labor C. high-low D. skill-biased

Economics