The demand curve illustrates the fact that consumers tend to purchase:
A. name-brand products more frequently than generic products.
B. more of a good as its price falls.
C. more of a good as their incomes rise.
D. more of a good as it becomes more popular.
Answer: B
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Answer the following statements true (T) or false (F)
1. The U.S. economy is a mixture of perfect and imperfect competition and regulated and non regulated industries. 2. Self -interest is a major tenet of economic liberalism. 3. Laissez-faire is a policy of government nonintervention in the economy. 4. Laissez-faire is a policy of no government intervention in the economic activities of individuals and businesses.
Which of the following would be an advantage of a sole proprietorship?
a. ability to raise money by issuing stock b. the sharing of risk with other investors c. limited liability d. unlimited liability e. one person can make all decisions
Suppose that a five-year Treasury bond pays 2.5 percent and a five-year corporate bond pays 8.5 percent, then what is the interest rate spread on this particular corporate bond?
A. 5 percent B. 6 percent C. 7.5 percent D. 9.0 percent
The table below shows the export and import values of automobiles, pharmaceuticals, and clothing in Country A and County B. Country AExports ($Billions)Imports ($Billions)Automobiles2040Pharmaceuticals3030Clothing400Country BExports ($Billions)Imports ($Billions)Automobiles020Pharmaceuticals4040Clothing4535 The weighted average of the intra-industry trade (IIT) shares in Country B's trade in automobiles, pharmaceuticals, and clothing is
A. 0.833. B. 2.000. C. 0.417. D. 0.895.