________ refers to funds available for immediate payment
A) Term deposits B) Velocity C) Mutual funds D) Liquidity
D
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For which product is the income elasticity of demand most likely to be negative?
A. bread B. computer software C. used clothing D. apps for iPads
Unlike the 1920–21 episode, 1929–30 farm prices stood up fairly well when other prices fell
Indicate whether the statement is true or false
Your checking account balance would be counted in which measure of money?
A. M1 B. M2 C. Hard money D. It would be counted in both M1 and M2
Richard raises Rhode Island Red chickens. Consumers, when buying chicken in the supermarket, view all other types of chickens as perfect substitutes for the Rhode Island Red. There are no barriers to entry in the chicken industry and, as a result, there are many, many chicken producers. An economist knows that
a. if Richard raises his price, he differentiates his chickens from the others on the market b. the demand curve Richard faces is horizontal c. if Richard lowers his price, he differentiates his chickens from the others on the market d. Richard can increase brand loyalty and market share by advertising e. Richard's relevant market is not chicken