An article about how coffee boosts critical thinking is likely to affect which determinant of demand?
A. Incomes
B. Preferences
C. Number of sellers in the market
D. Price
B. Preferences
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Since housing generally represents a large part of most household budget, the elasticity of demand for housing is likely to be large.
Answer the following statement true (T) or false (F)
Why is the multiplier for contractionary fiscal policy smaller in an open economy?
A) Contractionary fiscal policy reduces the deficit, which raises the interest rate, which raises the foreign exchange value of the dollar, which increases net exports. B) Contractionary fiscal policy increases the deficit, which raises the interest rate, which reduces the foreign exchange value of the dollar, which increases net exports. C) Contractionary fiscal policy reduces the deficit, which reduces the interest rate, which reduces the foreign exchange value of the dollar, which decreases net exports. D) Contractionary fiscal policy reduces the deficit, which reduces the interest rate, which reduces the foreign exchange value of the dollar, which increases net exports.
Perfect competition and pure monopoly are concepts useful primarily for realistic application
a. True b. False Indicate whether the statement is true or false
Social Security payments received by your grandmother
A. are excluded from GDP, but are included in personal income. B. are included in GDP, but are excluded from personal income. C. are excluded in both GDP and personal income. D. are included in both GDP and personal income.