Which of the following will both make people buy less?
a) wealth falls and interest rates fall
b) wealth and interest rates rise
c) wealth falls and interest rates rise
d) wealth rises and interest rates fall
Ans: c) wealth falls and interest rates rise
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Figure 17-8
Refer to . With trade, this country
a.
exports 20 wagons.
b.
exports 50 wagons.
c.
imports 30 wagons.
d.
imports 50 wagons.
Figure 16.4The pollution tax in Figure 16.4:
A. increases equilibrium output. B. internalizes the pollution externality. C. increases supply. D. All of these
A simultaneous increase in both the demand for computers and the supply of computers must increase
a. the number of computers bought and sold. b. the price of computers. c. both the equilibrium price and quantity of computers. d. the shortage of computers in the market.
Your company makes copper pipes. Over the years, you have collected a large inventory of raw copper. The production process involves melting the copper and shaping it into pipes. You also have a large stockpile of pennies
Suppose the price of copper rises so much that the copper in the penny becomes worth more than one cent. Should you melt down your pennies?