A change in the price of one good, such as staples, may affect the quantity demanded of another good, such as rubber bands
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The three ways of reducing a government budget deficit are to
A) decrease government spending, reduce consumption, increase the tax rate. B) increase government spending, decrease real income, reduce the tax rate. C) decrease government spending, increase real income, reduce the tax rate. D) decrease government spending, increase real income, increase the tax rate.
If the output gap is greater than zero, real GDP is ________ potential GDP, and the economy will ________ to reach full employment
A) greater than; expand B) greater than; contract C) less than; expand D) less than; contract
In the years following the Civil War, the world supply of cotton ____________ and the world demand for cotton _____________
a. increased; also increased b. decreased; also decreased c. increased; decreased d. decreased; increased
Direct transfer programs are generally less efficient and less politically acceptable than subsidy programs
a. True b. False