Consider the following products. Which of them has the flattest demand curve?
A) insulin
B) alcohol
C) cigarettes
D) butter
D
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When the Federal Reserve ________
A) drains liquidity, the federal funds rate falls B) drains liquidity, real interest rates fall C) provides more liquidity, the federal funds rate falls D) all of the above E) none of the above
Because the PPF is a straight line in the Ricardian model, Foreign's import demand curve is:
a. upward sloping in parts. b. flat in parts. c. downward sloping in parts. d. flat everywhere.
The U.S. exchange rate has:
A. slightly fluctuated over the past 30 years. B. been fixed during the past 30 years. C. significantly fluctuated over the past 30 years. D. appreciated over the past 5 years.
Corn and poultry prices are typically linked because
A. corn is a complement to poultry. B. corn is an input to poultry. C. corn is a substitute for poultry. D. they are alternative outputs.