If a company making frozen orange juice expects the price of its product to be higher next month, it will supply more to the market this month
a. True
b. False
Indicate whether the statement is true or false
False
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As of December 2008, the most important category in the CPI is
a. medical care b. education c. transportation d. food and beverages e. housing.
If a movie theater is going to gain by charging students a dollar less than other customers,
a. the demand of students must be more elastic than that of other customers. b. the demand of students must be less elastic than that of other customers. c. students must have higher incomes than other customers. d. other customers must enjoy movies more than students.
Assume that foreign capital flows from a nation increase due to political uncertainly and increased risk. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the quantity of real loanable funds per time period and current international transactions balance in the context of the Three-Sector-Model? a. The quantity of real loanable funds
per time period falls and current international transactions balance becomes more positive (or less negative). b. The quantity of real loanable funds per time period rises and current international transactions balance becomes more negative (or less positive). c. The quantity of real loanable funds per time period and current international transactions balance remain the same. d. The quantity of real loanable funds per time period rises and current international transactions balance remains the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Buyers and sellers rarely share the burden of a tax equally
a. True b. False Indicate whether the statement is true or false