As observed in China's steel appliance market, the rise in the price of refrigerators resulted:
a. solely from an increase in the demand for refrigerators.
b. from an increase in the demand for steel from all appliance industries.
c. from a shortage of steel in the world markets.
d. from an increase in the price of steel that was the result of increased demand for refrigerators.
D
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Governments, not markets, have the best record of allocating investment resources into those projects with the highest expected rate of return
Indicate whether the statement is true or false
The above figure shows the market for pizza. The market is in equilibrium. Pizza and tacos are substitutes for consumers. The price of tacos falls. What point represents the most likely new price and quantity?
A. Point A
B. Point B
C. Point C
D. Point D
E. Point E
Stock prices tend to ________ when the Federal Reserve raises interest rates because higher interest rates ________ dividends.
A. rise; reduce B. rise; increase C. fall; increase D. fall; reduce
American poverty is more about absolute deprivation, and poverty in the rest of the world is more about relative deprivation.
Answer the following statement true (T) or false (F)