Which of the following is an illegal market?
a. an Internet movie subscription service
b. a shop selling counterfeit designer goods
c. a retailer offering imitation leather shoes
d. a home-exchange networking website
b. a shop selling counterfeit designer goods
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List all the influences on selling plans, and for each influence, say whether it changes supply
What will be an ideal response?
A short-run aggregate supply curve (SRAS) assumes: a. the CPI is fixed
b. each point on the SRAS is potential real GDP. c. fixed or sticky nominal wages. d. nominal wages vary directly with price changes.
Carson’s bank has a reserve requirement ratio of 20 percent. What is the money multiplier for Carson’s bank?
a. 2 b. 8 c. 5 d. 20
The alternative to voluntary exchange is self-sufficiency.
Answer the following statement true (T) or false (F)