Related to the Economics in Practice on p. 647: Surveys by the bank of England suggest that consumers are
A. more influenced by their own experiences than by actual government numbers.
B. equally influenced by actual government numbers and their own experiences.
C. rarely influenced by either actual government numbers or by their own experiences.
D. more influenced by actual government numbers than by their own experiences.
Answer: A
You might also like to view...
The gambler's fallacy suggests that what happened in the past will influence the present. This is most likely true in which of the following situations?
A) flipping cards from a single deck B) tossing a fair coin C) the quality of play of a baseball team D) horse racing
If Stock A and Stock B both decrease in value at the same time, they are
A) negatively correlated. B) uncorrelated. C) positively correlated. D) bad bets.
The demand curve represents the relationship between:
A. price and quantity demanded with everything else held constant. B. income and quantity demanded with everything else held constant. C. consumer preferences and quantity demanded with everything else held constant. D. income and price demanded with everything else held constant.
Assume that Jamal is a single parent who is in poverty. He receives food stamps and Medicaid. For every $100 that he earns, Jamal loses $35 in food stamps and $20 in Medicaid benefits. Also, Jamal's income is taxed at a rate of 10%. Then, Jamal's total tax rate is
a. 45 percent b. 55 percent c. 65 percent d. 70 percent