In the above figure, if income is $8, the initial price of a soft drink is $1, and the initial price of a milkshake is $2, a decrease in the price of a milkshake to $1 will move the consumer from point ________ to point ________
A) a; b
B) b; c
C) a; d
D) a; c
D
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Velocity can be defined as:
a. the turnover rate of money b. the speed at which economic activity takes place. c. the speed at which multiplier effect takes place. d. the speed at which tax cuts are spent.
Usually, increased government spending for war increases inflationary pressures. The principal reason that inflation occurred during the Vietnam War and not during World War II was the existence, during World War II, of
a. full employment. b. government ownership of factories. c. full production. d. wage and price controls. e. high levels of patriotism.
Within a game theory model, if a change in decision-making raises corporation A's profits by $100 and lowers corporation B's profits by $200, the game is a
A) negative-sum game. B) zero-sum game. C) positive-sum game. D) cooperative game.
In terms of who employs physicians, who owns hospitals and clinics, and the role of insurance,
A. single payer systems are all private. B. single payer systems are no different than private systems. C. single payer systems are very different, depending on the country. D. single payer systems are all alike.