Ramen noodles were hotter than ever in 2010. Considered a bargain meal for cash-starved college students... in 2010, 4 billion individual packets were devoured in the United States, a 4 percent increase over 2006

If once college students graduated, they stopped eating ramen, would ramen be considered a normal or inferior good? A) inferior because students only eat ramen when income is low
B) normal because students only eat ramen when income is low
C) inferior because students only eat ramen when income is high
D) normal because students only eat ramen when income is high


A

Economics

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A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline

Economics

Prior to 2008, the bank's cost of holding reserves equaled

A) the interest paid on deposits times the amount of reserves. B) the interest paid on deposits times the amount of deposits. C) the interest earned on loans times the amount of loans. D) the interest earned on loans times the amount on reserves.

Economics

Compared to high skilled workers, low skill workers are more

What will be an ideal response?

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Does voluntary exchange create wealth (value)?

What will be an ideal response?

Economics