A downward sloping demand curve indicates that
A) individuals all have the same valuation of the same product.
B) individuals have different valuations of the same product.
C) individuals have no valuations of a particular product.
D) certain individuals are uninformed about certain aspects of the product.
B
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Following a new deposit of $50 at a bank, drawn on funds previously held on deposit at another bank, when the reserve ratio is 10 percent, the maximum potential increase in the money supply will be
A) $0. B) $50. C) $400. D) $500.
Which of the following is in charge of U.S. aid to foreign countries?
a. International Monetary Fund (IMF) b. Agency for International Development (AID) c. New International Economic Order (NIEO) d. World Bank
A legal arrangement whereby a firm can hire only union labor is called
A. a union shop. B. a sweat shop. C. a closed shop. D. an open shop.
An open market purchase by the Fed causes the value of the dollar to
A) rise, increasing net exports. B) fall, reducing net exports. C) rise, reducing net exports. D) fall, increasing net exports.