Say's Law is based on the relationships among
A. the demand for money and the supply of money.
B. saving, investment, and the interest rate.
C. the credit, product, and labor markets.
D. production, income, and spending.
D. production, income, and spending.
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Why do airlines tend to lower ticket prices in the winter?
A. Supply is relatively variable, and a drop in demand lowers equilibrium price B. Demand is relatively variable, and a drop in supply lowers equilibrium price. C. A drop in both supply and demand lowers equilibrium price. D. Supply is relatively fixed, and a drop in demand lowers equilibrium price. E. Demand is relatively fixed, and a drop in supply lowers equilibrium price.
A one-year Treasury bill that sells for $943.40 and has a face value of $1,000 has an annual yield of
A) 8 percent. B) 7 percent. C) 6 percent. D) 5 percent.
A unanimity rule suffers from the holdout problem
a. True b. False
The political attractiveness of tariffs, quotas, and other trade restrictions is primarily the result of
What will be an ideal response?