If people expect the price of packaged coffee to rise next week, coffee demand will:
A. decrease now.
B. increase now.
C. stay the same now and increase next week.
D. stay the same now and decrease next week.
Answer: B
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In a report made to the U.S. Congress in 2001, the National Academy of Sciences cautioned that if fuel economy encourages the production of smaller and lighter cars, "Some additional traffic fatalities would be expected"
This statement suggests that A) U.S. auto manufacturers are more concerned about producing fuel efficient cars to compete with their Japanese and South Korean rivals than about consumer safety. B) there is a tradeoff between safety and fuel economy. C) society should value fuel economy more highly than consumer safety because of the long-term environmental benefits generated by less gasoline use. D) society should value safety more highly than fuel economy.
Give some explanations for the decline in union membership in the United States
How much would the real rate of interest be if the nominal interest rate were 12 percent and the expected rate of inflation were 7 percent?
What will be an ideal response?
The college textbooks market is an example of
A. perfect competition. B. oligopoly. C. monopoly. D. monopolistic competition.