The typical volume of an aluminum can of soda is 355 mL. What is the equivalent volume in gallons?
A) 3.37 x 105 gal
B) 5.75 gal
C) 0.0938 gal
D) 0.673 gal
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The branch of economics which studies how households and firms make choices, interact in markets, and how government attempts to influence their choices is called
A) microeconomics. B) positive economics. C) normative economics. D) macroeconomics.
Provide a definition of development economics. Justify your choice carefully
What will be an ideal response?
What happened to real interest rates during the early 1930s?
A) They declined as nominal interest rates declined. B) They rose as nominal interest rates rise. C) They declined due to deflation. D) They rose due to deflation.
The term _____ refers to time periods when the buying power of money in terms of goods and services increases
a. stagflation b. deflation c. hyperinflation d. recession