An increase in the price of Kellogg's breakfast cereal is likely to shift the demand curve for cereal manufactured by Malt-O-Meal to the right
Indicate whether the statement is true or false
T
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Which of the following is NOT an example of off-balance-sheet lending?
A) a swap B) a standby letter of credit C) a loan commitment D) a loan sale
A country has net capital outflow of $40 billion. Which of the following is consistent with this net capital outflow?
a. It has -$40 billion of net exports. b. Purchases of foreign assets by domestic residents exceed purchases of domestic assets by foreign residents by $40 billion. c. Its saving is $35 billion and its domestic investment is $5 billion. d. All of the above are consistent with a net capital outflow of $40 billion.
Suppose a state charges an in-state student $2,000 in tuition for a college education and charges an out-of -state student $10,000 in tuition. This differential
A) is a result of the state subsidizing education for its residents. B) explains the difference between the demand curve for high-skilled and low-skilled labor. C) explains the difference between the supply curve for high-skilled and low-skilled labor. D) can be corrected via a negative income tax. E) is an example of the positive theories of income redistribution.
If the price of hamburger buns increases, the demand for ground beef is predicted to:
a. Decrease b. Shift to the right c. Increase d. Remain constant