Goods for which demand increases as income decreases are called
A. substitute goods.
B. complementary goods.
C. inferior goods.
D. normal goods.
C. inferior goods.
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PPP holds better for ________ countries
A) low-inflation B) poor C) rich D) high-inflation
Refer to the above figure. At an income of $10,000, saving is
A) 0. B) $13,000. C) $3,000. D) -$3,000.
Which of the following is not an interest-earning asset of commercial banks?
a. Required reserves. b. Checkable deposits. c. Customer savings accounts. d. All of the above are interest-earning assets of commercial banks. e. None of the above are interest-earning assets of commercial banks.
If more people think a corporation's stock is overvalued than think it is undervalued then there is a
a. surplus, so its price will rise. b. surplus, so its price will fall. c. shortage, so its price will rise. d. shortage, so its price will fall.