The income effect due to a price decrease will result in an increase in the quantity demanded for
A) a Giffen good.
B) an inferior good.
C) a public good.
D) a normal good.
Answer: D
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The federal debt is a stock variable that measures the net accumulation of prior federal deficits
a. True b. False Indicate whether the statement is true or false
An example of term limits in the United States would be that U.S. presidents cannot hold more than:
A. four 2-year terms. B. four 4-year terms. C. two 4-year terms. D. two 2-year terms.
If profits are reinvested in the corporation, then
A) payments made to bondholders will be less. B) there are fewer funds available to distribute to stockholders. C) the company will sell more bonds in order to pay dividends to stockholders. D) the high profits indicate that common stockholders will get larger dividends than normal.
How can changes over time of the average height of the people in a country help to indicate the standard of living in a country?
What will be an ideal response?