Assume that crackers and soup are complementary goods. The effect on the soup market of an increase in the price of crackers (other things being equal) would best be described as a(n):
a. decrease in the quantity of soup demanded.
b. decrease in the demand for soup.
c. increase in the quantity of soup demanded.
d. increase in the demand for soup.
b
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When a depository institution pools risk, it
A) buys short and lends long. B) borrows reserves from the Federal Reserve. C) spreads loan losses across many depositors so that no one depositor faces a high degree of risk. D) makes loans to just one firm.
What trade-off must be considered when deciding how much of your wealth is to be held as money relative to bonds?
a. Bonds pay more interest and are easier to use for payment. b. Bonds pay less interest but are less convenient. c. Bonds pay more interest but are less convenient relative to money. d. Money pays less interest and is less convenient to use. e. Money pays more interest and is less convenient to use.
If marginal product is decreasing, then it must be the case that
A. average product is greater than marginal product. B. average product is less than marginal product. C. average product is decreasing. D. both a and c E. none of the above.
Identify and explain 4 of the difficulties in making cross-country comparisons in health care outcomes
What will be an ideal response?