The cross elasticity between Rolaids and Tums is expected to be:
a. negative.
b. positive.
c. zero.
d. one.
e. infinite.
b
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BBQ to Go is a large fast food restaurant chain with franchises located throughout the United States. BBQ to Go's advertising ________ promote the benefits of eating BBQ to Go sandwiches and ________ highlight an individual BBQ to Go location in Asheville, North Carolina.
A) will not; will B) will; will C) will not; will not D) will; will not
Which of the following will tend to increase velocity?
a. a decrease in the number of payments b. a decrease in inflation c. an increase in interest rates d. an increase in the money supply e. All of the above.
A double coincidence of wants
a. is required when there is no item in an economy that is widely accepted in exchange for goods and services. b. is required in an economy that relies on barter. c. is a hindrance to the allocation of resources when it is required for trade. d. All of the above are correct.
Suppose that interest rates are expected to remain unchanged over the next few years. However, there is a risk premium for longer-term bonds. According to the liquidity premium theory, the yield curve should be:
A. upward sloping and relatively flat. B. inverted. C. vertical. D. upward sloping and very steep.