Other things remaining the same, if a nation's price level rises, the demand to hold money:
a. Falls.
b. Rises.
c. Does not change.
.B
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Which of the following is not an example of an externality?
A. Your employer requires all staff to wash their hands before serving lunch to guests. B. You bring in trash cans from the curb rather than leaving them for your neighbors to see all week. C. Your college roommate plays Call of Duty in the living room keeping you up the night of an exam. D. You live alone and left a mess of dishes from lunch.
If fixed cost rises,
A. the profit-maximizing level of output would decrease. B. the profit-maximizing level of output would not change. C. marginal cost rises. D. variable cost falls.
Suppose that a new study finds that eating more peanut butter will improve a person's health. As a result
A) the demand for peanut butter will fall. B) the demand for peanut butter will rise. C) the price of peanut butter will fall. D) a smaller amount of peanut butter will be purchased.
Andy views beer and pizza as complements to one another. If the price of pizza decreases, economists would expect: a. Andy's demand for pizza to increase
b. Andy's demand for pizza to decrease. c. Andy's quantity of pizza demanded to decrease. d. Andy's demand for beer to increase.