Prince is currently consuming some of good X and some of good Y. If good Y is a normal good for Prince, then an increase in his income will definitely cause him to
a. increase his consumption of X.
b. increase his consumption of Y.
c. decrease his consumption of X.
d. decrease his consumption of Y.
b
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The core values of development include
a. increasing income per person. b. reducing the inequality of income. c. the ability to meet basic needs. d. all of the above.
There are two types of open market operations: ________ open market operations are intended to change the level of reserves and the monetary base, and ________ open market operations are intended to offset movements in other factors that affect the
monetary base. A) defensive; dynamic B) defensive; static C) dynamic; defensive D) dynamic; static
The United States has chosen to balance the competing claims of efficiency versus equality by emphasizing greater efficiency over greater equality
a. True b. False Indicate whether the statement is true or false
At any given airport, the airlines hold long-term leases for passenger loading gates. New gates cannot be added without approval of the airlines. Frequent flier programs are also common in the industry. It is, therefore, more difficult for a new airline to enter a given airport (market). Such factors: (i) are called barriers to entry. (ii) tend to decrease the contestability of the air travel
market. a. i and ii b. i not ii c. ii not i d. neither i nor ii