If consumers are presented with strong scientific evidence that a diet including moderate red wine consumption leads to lower rates of heart disease, which of the following changes is likely to occur?
a. an increase in red wine prices
b. an increase in white wine prices
c. a decrease in brie cheese prices
d. a decrease in grape prices
e. an increase in beer prices
If consumers are presented with strong scientific evidence that a diet including moderate red wine consumption leads to lower rates of heart disease, which of the following changes is likely to occur?
a. an icnrease in red wine prices
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One reason why banks might increase their reserve-deposit ratio above the minimum level in times of economic uncertainty is that
A. banks are most profitable when new loans are issued. B. banks may have insufficient required reserves. C. banks are initiating quantitative easing D. banks may find only limited lending opportunities that seem sufficiently safe.
As a factor of production, oil reserves are counted as
A) land. B) labor. C) capital. D) entrepreneurshi
Which of the following policies would reduce structural unemployment?
A) implementing an unemployment insurance policy B) a job retraining program C) building an online job database that helps workers find jobs D) an increase in the minimum wage
The president of Tucker Motors says, "Lowering the price won't sell a single additional Tucker car." The president believes that the price elasticity of demand is:
a. perfectly elastic. b. perfectly inelastic. c. unitary elastic. d. elastic. e. inelastic.