Which of the following is a source of information that helps consumers acquire information about the quality of a good or service?
a. brand names
b. franchising
c. consumer ratings magazines
d. all of the above
D
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In 2006, before the start of the recession, the employment-population ratio was 63.4 percent. In August 2015, more than six years after the end of the recession, the ratio
A) was still 50 percent lower than the ratio in 2006. B) had increased to 72.3 percent. C) was still only 59.4 percent. D) was back to its 2006 level.
Coffee and donuts are complements in consumption. Suppose the economy expands so that consumer income increases, and coffee is a normal good
What impact does this change in the coffee market have on the donut market under a general equilibrium analysis? A) Donut demand shifts rightward and donut price and quantity increase B) Donut demand shifts rightward, donut price increases, and donut quantity declines C) Donut demand shifts leftward, donut price declines, and donut quantity increases D) Donut demand shifts leftward and donut price and quantity decline
One reason the Federal Reserve System was set up was to
a. increase the safety of the U.S. banking system. b. provide the United States with a more flexible supply of currency. c. provide banking services for the federal government. d. do all of these.
Which of the following signals a normative economic statement?
a. is b. has been shown to be c. should be d. can be e. is more than