As the ________ increases, ________
A) quantity demanded of a good; its price increases
B) quantity demanded of a good; its price decreases
C) price of a good; its quantity demanded increases
D) price of a good; its quantity demanded decreases
D
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A restaurant buys fish to offer as a daily menu special. The purchase of the fish by the restaurant is
A) an intermediate good. B) part of net exports if the fish was caught beyond the U.S. border. C) an investment. D) an example of government expenditures on goods and services. E) a consumption expenditure.
An incentive is
A) a reward or a penalty that encourages or discourages an action. B) when people make rational choices by comparing costs and benefits. C) what you must give up to get something. D) a choice is made on the margin. E) a good or service that satisfies wants.
How is the personal distribution of income in India changing?
What will be an ideal response?
If a nation's nominal Gross Domestic Product (GDP) is $20 billion, its money supply is $8 billion, and its price level is 2, then the velocity of money is
A. 10. B. 2.5. C. 2. D. 16.