Which of the following is considered a leakage?
A. Spending on services.
B. Exports.
C. Taxes.
D. Business investment.
Answer: C
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Crest Toothpaste offers new whitening toothpaste one year, a new gel swirl design the next year, and an improved cleaning formula the year after. Crest Toothpaste does this because it is
A) a monopoly trying to decrease its costs. B) a perfectly competitive firm trying to increase its price. C) a monopolistically competitive firm trying to maintain its economic profit. D) driving its competitors out of business. E) a perfectly competitive firm trying to increase its costs so it can increase its price.
Regulation Q
A) prohibited interstate banking. B) placed ceilings on allowable interest rates on time and savings deposits. C) required all banks to hold reserves against demand deposits. D) broadened the basis on which the Fed could make discount loans.
What was/were the most enduring legacy/legacies of the 1960s according to Hughes and Cain (2011)?
(a) Medicare and the War on Poverty (b) The violent antiwar movement (c) The environmental, consumer and women's movements (d) The black power movement
As the price of a good increases:
a. that good will yield less satisfaction per dollar than before. b. consumers will have more real income to spend on other goods. c. the quantity demanded of that good will also increase. d. the utility-maximizing quantity of that good willl not change. e. consumers will buy the good and substitute away from other goods.