In Griggs v. Duke Power Company, the Supreme Court allowed the use of aptitude tests for job seekers
Indicate whether the statement is true or false
F
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What is the velocity of money?
A) The rate at which GDP increases in a year B) The speed of capital accumulation C) The rate at which money circulates through an economy D) The rate at which the Federal Reserve increases or decreases the money supply E) The rate at which the aggregate price level increases
If a change in tastes is in favor of a commodity, that will mean a:
a. Movement down the demand curve b. Movement up the demand curve c. Shift in the whole demand curve to the left d. Shift in the whole demand curve to the right
Figure 14.4 represents the market for used 12 megapixel digital cameras. Suppose buyers are willing to pay $400 for a plum (high-quality) used digital camera and $200 for a lemon (low-quality) used digital camera. If buyers believe that 50% of used digital cameras in the market are lemons (low quality), how many plums (high quality) will be supplied by sellers?
A. 50 B. 60 C. 150 D. 200
Using GDP per capita on a PPP basis, which of the following countries would fall into the between $12,000 to $19,999?
A) Mexico B) South Korea C) Nepal D) Italy