A situation in which the quantity of bonds supplied exceeds the quantity of bonds demanded is called a condition of excess supply; because people want to sell ________ bonds than others want to buy, the price of bonds will ________
A) fewer; fall
B) fewer; rise
C) more; fall
D) more; rise
C
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Consider the nations of Canada, the United Kingdom, and the United States. Since 1870, which of these nations has progressed, in an economic sense, more slowly than the other two nations?
Figure 4-7
Refer to . Which of the following is true for the tax illustrated?
a.
The tax increases the price of gasoline by $.60.
b.
Since the demand for gasoline is more inelastic than the supply, consumers bear most of the burden of the tax.
c.
Since the demand for gasoline is more elastic than the supply, consumers bear most of the burden of the tax.
d.
Since the supply of gasoline is highly inelastic, the primary burden of the tax is imposed on the suppliers of gasoline.
All of the following are good examples of network externalities except:
A. cigarettes. B. computer software. C. Facebook. D. the Internet.
The goal of expansionary monetary policy is to:
A. reduce interest rates to slow down the economy. B. increase interest rates to slow down the economy. C. increase interest rates to stimulate the economy. D. reduce interest rates to stimulate the economy.