About how many girls and women are said to be "missing" in LDCs?
a. 2 million
b. 20 million
c. 200 million
d. 2 billion
Answer: c. 200 million
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Which of the following factors is associated with products with a highly price elastic demand?
a. Few close substitutes. b. A very short time period for consumers to respond to price changes. c. Many very close substitutes. d. A per unit price that is only a very small portion of most peoples' budgets.
Personal consumption spending is the most sensitive component of aggregate demand to monetary policy
a. True b. False Indicate whether the statement is true or false
Which of the following tends to make aggregate demand shift further to the right than the amount by which government expenditures increase?
a. the crowding-out effect b. the multiplier effect c. the exchange-rate effect d. the interest-rate effect
Which of the following is TRUE of an excise tax?
A. An excise tax is levied on purchases of particular good or service. B. Imposing an excise tax shifts the market demand curve. C. An excise tax is always a unit tax. D. An excise tax is based on an individual's income.