In the alcohol industry, both wine and spirits are considered to be substitutes for beer
Indicate whether the statement is true or false
FALSE
You might also like to view...
Using a graph, show the effects of a negative externality. Where is the socially optimum point of output? How can it be achieved?
What will be an ideal response?
Wendell just read an article that says scientists have proven that processed cheese food increases brain power. We would expect Wendell's demand for processed cheese food to:
A. increase and shift to the right. B. increase and shift to the left. C. decrease and shift to the right. D. decrease and shift to the left.
Which of the following is a consequence of deposit insurance?
A) It may induce the officers of a bank to take more risks. B) It encourages banks to make loans only to the most credit-worthy customers. C) It minimizes the risk of defaulting on loans made to the bank's customers. D) It encourages depositors to closely scrutinize a bank's lending activities.
The economy is experiencing a low rate of economic growth and the Fed decides to pursue an expansionary money policy. Which set of actions by the Fed would be most consistent with this policy?
a. Buying government securities and lowering the discount rate b. Selling government securities and raising the discount rate c. Buying government securities and raising the discount rate d. Selling government securities and lowering the discount rate