When a firm decides to produce more electric cars and conventional gas powered cars, it is most directly answering the ________ part of one of the two big economic questions
A) "how"
B) "scarcity"
C) "what"
D) "for whom"
C
Economics
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A unit tax placed on demanders causes the supply curve to shift downward, shifting part of the tax burden to supplier in the form of lower prices and quantity
a. True b. False
Economics
Suppose the money multiplier is 5. If banks hold excess reserves, the required reserve ratio must:
A. equal 0.20. B. be less than 0.10. C. be greater than 0.20. D. be less than 0.20.
Economics
A geometric representation of the distribution of income is referred to as
A) the labor supply curve. B) the Lorenz curve. C) the Phillips curve. D) the Keynesian cross.
Economics
When the Fed receives an inflow of Federal Reserve notes, its
A) assets rise. B) liabilities decline. C) liabilities increase. D) assets decline.
Economics