Other things being equal, how would the market for bicycles be affected by an increase in the availability and number of bicycle paths?
a. An increase in prices and a decrease in the quantity exchanged
b. An increase in prices and an increase in the quantity exchanged
c. A decrease in prices and a decrease in the quantity exchanged
d. A decrease in prices and an increase in the quantity exchanged
b. An increase in prices and an increase in the quantity exchanged
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In economics, money is defined as
a. the total value of one's assets in current prices. b. the total value of one's assets minus the total value of one's debts, in current prices. c. the total amount of salary, interest, and rental income earned during a year. d. any asset people generally accept in exchange for goods and services.
If people begin to hold more cash, the money multiplier process will
a. increase in intensity. b. remain the same. c. decrease in actual size. d. cause larger amounts of excess reserves.
Utility analysis helps economists determine
A. marginal tax rates. B. how people decide how many units of products to buy. C. interest rates. D. none of the above.
In economics, capital refers to:
A.) Money. B.) Savings put aside for future investment. C.) Goods that can be used to produce other goods. D.) The value of a corporation's assets.