If the population increases, the market demand for most products will:

A. not change.
B. decrease.
C. increase.
D. depend on supply.


Answer: C

Economics

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a. is notoriously difficult to measure. b. is comparable to productivity growth in agriculture. c. has been slow compared with productivity growth in manufacturing. d. Both a and b are correct. e. Both a and c are correct.

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Banks historically have used the discount window:

A. often, because its low interest rate can serve as a source of profit for banks. B. only during times of economic boom, when there is a high demand for loans. C. often, because it provides instant access to needed funds for banks. D. sparingly, because it is often seen as a sign of financial trouble for a bank.

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As a result of the tax, consumption of this good will decline by


A. 5 units.
B. 10 units.
C. 15 units.
D. quantity consumed will not decline at all.

Economics

A mixed strategy means a player:

A. makes random moves in a simultaneous game. B. mixes random moves with nonrandom moves. C. makes random moves in a sequential game. D. mixes optimal and suboptimal moves to confuse her opponent.

Economics