The following table lists the basket of goods in the Consumer Price Index for the nation of Astro (assume 2014 is the base year).?2014 Quantity2014 Price2015 Quantity2015 Price2016 Quantity2016 PriceSunglasses8$9.0010$11.007$10.00Toothpaste15 3.0018 4.0015 4.00Ferrets6 12.004 15.009 18.00
Using the information in Table 12.2, the Astro Consumer Price Index for 2014 is:
A. 24.
B. 100.
C. 124.
D. 189.
Answer: B
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a. perfect elasticity. b. imperfect elasticity. c. strong elasticity. d. weak elasticity.
A commercial bank can add to its actual reserves by
A. lending money to bank customers. B. buying bonds from the public. C. buying bonds from a Federal Reserve Bank. D. borrowing from a Federal Reserve Bank.
In Figure 35.1, if rents are uncontrolled, then the amount that landlords will want to rent will be 
Figure 35.1
A. Q*. B. Q'. C. Q". D. 0.
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A) a study of what people need to survive. B) a study of how culture evolves in different geographic areas. C) the same as the study of finance and management. D) the study of how people make choices.