The increase in the availability of ATMs has caused the cost of acquiring currency to ________ which will cause the currency ratio to ________, everything else held constant
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
C
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Because of the popularity of the movie "Frozen," there is a large increase in demand for the merchandise, there is also many new companies producing items from backpacks, to dresses, to "Frozen" themed food items. How has this affected the market for "Frozen" merchandise?
A. Price increases and quantity is indeterminate. B. Quantity increases and price is indeterminate. C. Price decreases and quantity is indeterminate D. Quantity decreases and price is indeterminate.
In the permanent income hypothesis, income that does not persist for a long period of time is known as ________
A) current income B) transitory income C) insufficient income D) limited income
Analyzing the effect of minimum wage changes on teenage employment across the 48 contiguous U.S. states from 1980 to 2004 is an example of using
A) time series data. B) panel data. C) having a treatment group vs. a control group, since only teenagers receive minimum wages. D) cross-sectional data.
In general, educating workers:
A. makes them more productive. B. does not affect overall economic growth. C. contributes little to other capabilities. D. All of these statements are true.