If your demand for gasoline is inelastic, when the price of gasoline falls, which of the following occurs?
A) Your demand curve for gasoline will shift leftward.
B) Your demand curve for gasoline will shift rightward.
C) Your total expenditure on gasoline will increase.
D) Your total expenditure on gasoline will decrease.
D
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Among young Americans aged 19 to 25, _____% have no health insurance
a. 11% b. 17% c. 22% d. 26%
Financial intermediaries typically require mortgage borrowers to have homeowner's insurance and do credit checks before making the loan
a. The insurance requirement and the credit check are both designed primarily to reduce adverse selection. b. The insurance requirement and the credit check are both designed primarily to reduce the risk of moral hazard. c. The insurance requirement is designed primarily to reduce adverse selection; the credit check is designed primarily to reduce the risk of moral hazard. d. The insurance requirement is designed primarily to reduce the risk of moral hazard; the credit check is designed primarily to reduce adverse selection.
When the economy is operating close to potential, the budget deficit experienced is:
A. primarily structural. B. neither structural nor cyclical. C. primarily cyclical. D. about evenly split between structural and cyclical.
If the interest rate is positive, the future value of an interest bearing investment is always larger than the present value
What will be an ideal response?