According to the article "What's Behind Starbucks' Price Hike," Starbucks raised prices due to
A. Increases in the costs of wages and fuel.
B. Lack of competition.
C. A decrease in brand loyalty for Starbucks.
D. Elastic demand.
Answer: A
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If the interest rate falls, other things being equal, investment spending will
A) fall. B) rise. C) either rise, fall, or remain unchanged. D) not be affected.
If the simple money multiplier is 5, the required reserve ratio must be equal to _____
a. 5 percent b. 0 c. 10 percent d. 50 percent e. 20 percent
The Bush tax cuts of 2001-2010 reduced
A. The marginal tax rate for the highest income class to 10 percent. B. Incentives for education. C. Vertical inequities. D. The top marginal tax rate from 39.6 percent to 35 percent.
The value of a euro goes from 1€ = US$1.25 to 1€ = US$1.50. In Germany, exports:
A. will increase, and imports will decrease. B. and imports will increase. C. will decrease, and imports will increase. D. and imports will decrease.