Which of the following will not cause the demand curve for athletic shoes to shift?
A. A change in tastes for athletic shoes
B. Widespread advertising campaign for athletic shoes
C. Increase in money incomes of athletic-shoes consumers
D. Expectations that the price of athletic shoes will decrease in the future
E. A decrease in the price of athletic shoes
E. A decrease in the price of athletic shoes
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People who enjoy high standards of living usually have all of the following EXCEPT:
A. freedom from scarcity. B. longer life expectancies. C. better general health. D. higher literacy rates.
The demand for wheat from farm A is perfectly elastic because wheat from farm A is
A) a perfect complement for wheat from farm B. B) a normal good. C) a perfect substitute for wheat from farm B. D) an inferior good.
The change in the savings rate during the 1990s is NOT consistent with
A) Friedman's permanent-income hypothesis. B) Modigliani's life cycle hypothesis. C) the boom in the stock market. D) All of the above.
In the early 2000s, Chinese officials indicted members of a forgery syndicate that sold several hundred diplomas to high school graduates who needed the diplomas to take employment tests. This situation, where having the certificate of knowledge is more important than the knowledge itself, is known as:
A. the brain drain. B. human capital. C. certification. D. credentialism.