Which of the following is an example of speculative demand?
A. When the demand for housing increases, the demand for house insurance increases.
B. When the actual price of housing increases, the quantity demanded of housing decreases.
C. When the price of home ownership increases, the demand for rental housing increases.
D. When the expected price of housing increases, the demand for housing increases.
D. When the expected price of housing increases, the demand for housing increases.
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List the three coordination decisions made by every economy.
A. Where? When? How? B. How? What? To whom? C. Why? Where? What? D. When? To Whom? Where?
High-income families pay a significantly greater percentage of their income in taxes compared to low-income families.
Answer the following statement true (T) or false (F)
Which of the following statements is true?
A) A decrease in wage rates will shift the SRAS curve to the left. B) An adverse supply shock will shift the SRAS curve to the left. C) A fall in the prices of nonlabor inputs will shift the SRAS curve to the left. D) An increase in labor productivity will shift the SRAS curve to the left. E) c and d
If a boxing fight is shown on pay-per-view television every Saturday at 4pm, the demand curve for each fight is given below.
If there is a pay-per-view charge to watch a fight, the outcome is ________ because ________.
A. inefficient; the marginal cost of an additional viewing household is zero B. efficient; prices will allocate the program to those who value it the most C. inefficient; television stations would not always make a profit D. efficient; the marginal cost of an additional viewing household is zero