In the markets for goods and services in the circular-flow diagram, households are buyers and firms are sellers
a. True
b. False
Indicate whether the statement is true or false
True
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A 10 percent increase in income has caused a 5 percent decrease in the quantity demanded. The income elasticity is
A) 0.5. B) -0.5. C) 2.0. D) -2.0.
Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The yield on bond A is approximately
A. 2.9 percent. B. 0.03 percent. C. 2.5 percent. D. 0.02 percent.
In which case did the U.S. Supreme Court's review powers extend to actions by the other two branches of the federal government and not merely to the laws of the states?
(a) Marbury v. Madison (1803) (b) McCulloch v. Maryland (1819) (c) Gibbons v. Ogden (1824) (d) Dartmouth College v. Woodward (1819)
The most commonly used price index to track changes in prices for the typical household in the U.S. is:
A. producer price index. B. retail price index. C. consumer price index. D. average price index.