Which of the following examples would fit this graph?
a. A celebrity endorsement causes the desire for broccoli to increase as flooding destroys much of the broccoli crop.
b. A report emphasizing the health benefits of yogurt causes increased competition to buy this good as production of yogurt increases.
c. Fewer consumers buy CDS as more stream music, causing the production of CDs to drop.
d. Fewer consumers buy corn chips as more buy potato chips, but the production of corn chip remains constant.
a. A celebrity endorsement causes the desire for broccoli to increase as flooding destroys much of the broccoli crop.
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Which of the following interest rates tends to fluctuate the most?
A) interest rate on corporate bonds B) interest rate on 10-year Treasury bonds C) mortgage interest rate D) federal funds rate
Education vouchers have the advantage that they retain ______ but still allow _____
a. government financing; parents to choose b. government production; considerable government control c. government production; parents to choose d. government financing; considerable government control
Suppose that the economy is in equilibrium at an income level of $2,000 when Ii = $200, and that the MPC = .75 . If Ii falls by $50, the equilibrium level of income will fall by
a. $50 b. $100 c. $200 d. $250 e. $400
A perfectly competitive firm and a monopolistically competitive firm are similar in each of the following respects except
a. each has many buyers and sellers. b. firms sell homogeneous products in both markets. c. in having perfect information. d. for freedom of exit and entry.