If the quantity demanded for a good rises as income rises then the income elasticity of demand for this good is ________ than 0, and the good is ________ good
A) less; an inferior B) less; a normal C) greater; a normal D) greater; an inferior
C
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Which graph shows the impact of scientists developing a more powerful fertilizer?
A) Figure A B) Figure B C) Figure C D) Figure D
In a long-run equilibrium, a firm in a monopolistically competitive market operates
a. where marginal revenue is zero. b. where marginal revenue is negative. c. on the rising portion of its average total cost curve. d. on the declining portion of its average total cost curve.
Monetary policy directed at expanding GDP growth would include the following?
A. Selling bonds and increasing the discount rate B. Buying bonds and increasing the discount rate C. Decreasing the discount rate and increasing the reserve requirement D. Decreasing the discount rate and buying bonds
An example of a buyer in a financial market would be:
A. corporations loaning money to other firm. B. students saving for college. C. families putting money away for the future. D. families buying new houses.