Which of the following goods may have demand that is potentially affected by the bandwagon effect?
A) Satellite radio
B) Cellular telephones
C) High-definition (HD) televisions
D) Electronic book readers
E) all of the above
E
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Railroads have received significant attention from regulators because
A. railroads enjoy significant economies of scale. B. conditions in the railroad industry are conducive to destructive competition. C. regulators would like to ensure universal service to all potential railroad customers. D. railroads are vulnerable to predatory pricing.
Which of the following statements best describes the Federal Reserve?
a. Like most central banks, the Federal Reserve is semi-decentralized, mixing government appointees with representation from private-sector banks. b. Unlike most central banks, the Federal Reserve is semi-decentralized, mixing government appointees with representation from private-sector banks. c. Unlike most central banks, the Federal Reserve is centralized, mixing government appointees with representation from private-sector banks. d. Like most central banks, the Federal Reserve is centralized, mixing government appointees with representation from private-sector banks.
Holding other factors constant, if new technology becomes available that allows machines to produce manufactured goods more quickly and with fewer defects, then the real interest rate will ________ and the equilibrium quantity of national saving and investment will ________.
A. increase; not change B. decrease; increase C. increase; increase D. increase; decrease
Of the children who grew up in long-term poverty (those living at least 9 years of their childhood in poverty), what percentage of them are from black families?
A. 50. B. 60. C. 70. D. 80.