The law of demand can be explained as
A) legal reasons people make purchases in the marketplace.
B) people are willing to make limited sacrifices to acquire products.
C) a lot of people wanting the same thing.
D) the higher the price, the smaller the quantity demanded, ceteris paribus.
D
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"Any tax cut to increase demand for output should favor lower-income people" is a ________ statement about ________ policy.
A. normative; fiscal B. positive; monetary C. normative; monetary D. positive; fiscal
In the above table, the technique that is never economically efficient is
A) A. B) B. C) C. D) D.
Whenever individuals think about investing money in stocks, bonds, or real estate, they must consider:
A. the trade-off between future value and expected value. B. the opportunity cost of the risk involved. C. the trade-off between risk and expected value. D. the opportunity cost of the expected value.
An unmarried couple holding joint title to their condominium constitutes a household
a. True b. False Indicate whether the statement is true or false