If the prices of all goods increase by the same proportion as income, the quantity demanded of good x will:
a. decrease.
b. increase.
c. remain unchanged.
d. change in a way that cannot be determined from the information given.
c
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In the long run, the exchange rate between two currencies is
A) fixed. B) influenced by purchasing power parity. C) undefined. D) constant. E) determined so that the current account balance equals zero.
A yellow dog contract is a(n)
a. signed contract by a worker that he/she will not join a union if hired b. signed contract by a worker that he/she will join a union if hired c. prolabor provision in a contract that only union members will be employed d. agreement by a union member that he/she will not join any other union e. agreement by a worker that he/she will not go on strike
Public housing is an example of
A. Money income. B. In-kind income. C. Personal expenditure. D. Free goods.
When the number of parties involved in the transaction is small, Coase's solution of assigning property rights may not be enough
Indicate whether the statement is true or false