Assume Dell and Toshiba computers are substitutes in consumption; if the price of dell computers increases we would expect to see
a. An increase in demand for Toshiba computers
b. An decrease in demand for Toshiba computers
c. An increase in the quantity of Toshiba computers demanded
d. An decrease in the quantity of Toshiba computers demanded
a
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Joe deposits $200 in currency into his checking account at a bank. This deposit is treated as
A. an addition of $200 to the money supply because the bank holds $200 in currency and the checking account has been increased by $200. B. an addition of $200 to the money supply because of the creation of a checkable deposit of $200. C. a subtraction of $200 from the money supply because the $200 in currency is no longer in circulation. D. no change in the money supply because the $200 in currency has been converted to a $200 increase in checkable deposits.
An expectation of increased prices of a good in the future is likely to:
A. increase current demand. B. decrease current demand. C. have no impact on current demand. D. only affect seller's decisions.
Using the information in the table shown, the rate of inflation from 2005 to 2006 was:
A. 5.32 %.
B. 5.05 %.
C. 5.00 %.
D. 6.00 %.
Which of the following describes when government alter normal market activity?
A. Intervention B. Unprofitable outcome C. Innovation D. Market failure