Which would be a likely cause of an increase in the demand for pizza?
A. a health report showing eating pizza reduces stress
B. an increase in the price of pizza
C. a decrease in the price of pizza
D. a reduced desire for take-out and fast-food dining
Answer: A
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What will be an ideal response?
A lawn mower costs $500 in the US and 8188 Mexican Pesos in Mexico. The current exchange rate is 1USD=12.97MXN. At this rate,
a. The good costs more in the US b. The good costs more in Mexico c. The good costs the same across the two countries d. None of the above
Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. If it accepts a $1,000 deposit, then its required reserves balance will be:
a. $0. b. $90. c. $100. d. $900. e. $910
Farming profits are affected by all of the following costs except
A. Prices of clothing. B. Fertilizer costs. C. Interest rates. D. Fuel costs.