The supply curve shows a(n) ________ relationship between price and quantity and is therefore ________ sloping
A) direct; downward
B) direct; upward
C) inverse; downward
D) inverse; upward
B
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If banks are prevented from lending out funds, there will be no money creation in an economy
a. True b. False Indicate whether the statement is true or false
The cost of owning a government bond is ________, and the benefit of owning one is ________.
A. interest earned; that it is not very liquid B. that it is as liquid as cash; interest earned C. that it is highly liquid;interest charged D. interest charged; that it is not very liquid
Which of the following statements about public goods is not true?
A. They are only produced by government agencies. B. They are non-excludable since those who do not pay for them cannot be excluded from enjoying them. C. They will be under supplied by the private sector. D. They bestow collective benefits on members of society.
Two goods with a low cross elasticity of demand are competing in the same market.
Answer the following statement true (T) or false (F)