When the price of tablet devices decreased in the 2010s, there was an increase in the demand for computing apps because tablet devices and computing apps are
A) substitute goods.
B) capital goods.
C) inferior goods.
D) complementary goods.
D
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The drawback to calculating real GDP using base-year prices is that
A) relative prices change over time and these are not reflected in base-year prices, and this distorts GDP. B) quality changes are reflected in base-year prices. C) relative prices change over time and these changes are reflected in base-year prices. D) real GDP in one year is not comparable to real GDP in another year.
Investment banks do NOT engage in which of the following?
A) proprietary trading B) securitization C) lending to households D) underwriting
All national banks were required to join the Federal Reserve Bank of their region; however, state banks could do so on a voluntary basis
Indicate whether the statement is true or false
If the foreign exchange rate for 1 Hungarian forint is 0.5 cent, then
A) a dinner priced at 400 forints will cost $20. B) a wine that sells for 600 forints will cost $3,000. C) a Big Mac hamburger priced at 50 forints will cost $1. D) a hotel room renting for 40,000 forints will cost $200.