According to the Application, one factor which was responsible for roughly one-third of hybrid vehicles purchased in 2007 was an increase in the price of gasoline
The increase in sales due to higher gasoline prices describes the economic concept of
A) marginal thinking. B) rational self interest.
C) using assumptions to simplify. D) ceteris paribus.
B
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Explain what market signaling is?
What will be an ideal response?
Which of the following is correct?
a. Monetarists believe there is a direct link between changes in a nation's money supply and changes in expenditures. b. Monetarists believe there is no short-term link between changes in a nation's money supply and changes in expenditures. c. Keynesians believe there is no short-term link between changes in a nation's money supply and changes in expenditures. d. Keynesians believe there is a direct link between changes in a nation's money supply and changes in expenditures. e. None of the above.
A legal claim to a part of a corporation's future profits is called
A) a bond. B) a share of stock. C) a dividend. D) a financial debt.
Modern economists are increasingly using microeconomic analysis in macroeconomics because
A. macroeconomic subjects such as inflation affect all individuals. B. microeconomic theory is more scientific. C. aggregate outcomes stem from decisions made by individuals, business firms and government. D. macroeconomics is older and more outdated.