The increased costs of transactions caused by inflation are known as _____
a. menu costs
b. shoe-leather costs
c. unit-of-account costs
d. direct costs
b
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Deciding if a power company will generate electricity from wind power or coal answers the economic question of
A) what products will be produced. B) where will the products be consumed. C) who consumes the products produced. D) how will the products be produced.
Which of the following would cause a movement up (or leftward) along the demand curve for European autos in the United States?
A. An increase in the price of American autos B. A decrease in the price of American autos C. An increase in income in the United States D. An increase in the price of European cars
A tax on buyers
What will be an ideal response?
If there were no usury law the interest rate would be _______%.
A. under 18
B. 18
C. 22
D. 28