An increase in the price of ink will shift the supply curve for pens to the left
a. True
b. False
Indicate whether the statement is true or false
True
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Lesley buys 6 cappuccinos per week when her income is $900 per week and buys 8 cappuccinos per week when her income is $1100 per week. For Lesley, cappuccinos are a(n) ________ good
A) normal B) luxury C) inferior D) essential E) substitute
Referring to Figure 19.2, the effect of an increase in Japanese interest rates is represented by a movement from point
A) d to c. B) b to a. C) c to d. D) d to a.
In countries that have a high degree of employment protection as measured by the World Bank's Rigidity of Employment Index, approximately ________ of jobless workers have been employed for more than one year
A) 5% B) 16% C) 27% D) 43%
Which of the following would not be included in a definition of risk?
A. Risk has a time horizon. B. Risk is a measure of uncertainty. C. Risk can always be avoided at no cost. D. Risk usually involves some future payoff.