Coke and Pepsi are an example of:
a. inferior goods. b. unrelated goods.
c. substitutes. d. complements.
c
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In the aggregate demand and supply framework, an increase in the money supply will shift the aggregate
A) demand curve to the right. B) demand curve to the left. C) supply curve to the left. D) supply curve to the right.
Consumers do not prefer gifts-in-kind to cash gifts
What will be an ideal response?
What should be the priority of politicians? Should they be mainly concerned with conveying and voting the wishes of the people that they represent? Should they be mainly concerned with standing for positions that they feel strongly about? Should they be mainly concerned with securing reelection?
What will be an ideal response?
Governments have to rely on taxes for financing because
A) they cannot borrow unlimited amounts. B) they usually spend all of the gold reserves. C) it is easier to collect taxes than to print money. D) they are not allowed to sell bonds.