All other factors held constant, if the price of game consoles rise, the demand for gaming titles will
a. shift to the left, because they are normally used together.
b. remain constant.
c. shift to the right, because they are normally used together.
d. shift to the right, because they are substitutes.
a
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The distribution of income
a. is about the same in most countries b. tends to be more equal in developing countries than in developed countries c. is more concentrated in the United States than in Canada or Japan d. is more even in developing countries than in the Russia e. is not related to a country's level of development
A system that requires banks to keep 100 percent reserves
a. would reduce the Fed's ability to control the money supply. b. would undermine the effectiveness of reserve requirement changes. c. would increase the Fed's ability to control the money supply. d. could be implemented with little change in bank policy.
Price will rise to eliminate a shortage
a. True b. False Indicate whether the statement is true or false
Define the marginal tax rate