A principle is a self-evident truth that most people readily understand and accept.
Answer the following statement true (T) or false (F)
True
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A Giffen good could be either a normal good or an inferior good
Indicate whether the statement is true or false
As a result of the global financial crisis in 2008, _____
a. U.S. interest rates fell and the cost of servicing U.S. debt decreased b. U.S. citizens increased their purchase of foreign securities c. U.S. chronic deficits increased and debt service costs overwhelmed the budget d. debt issued by U.S. government entities was judged to be the safest in the world e. there was downgrading of the nation's credit risk by the chief credit-rating agency in 2011
If the MPC is .75, the multiplier is
A. .25. B. .75. C. 1. D. 4.
Ersatz Kreme will sell its filling to Hunky Donuts only if Hunky Donuts agrees not to buy filling from other suppliers. This is an example of:
A. price discrimination. B. exclusive dealing. C. a tying contract. D. interlocking directorates.