Refer to the information provided in Figure 3.3 below to answer the question(s) that follow.
Figure 3.3Refer to Figure 3.3. As your income increased, the demand for X shifted from D1 to D2. Good X is
A. an income-neutral good.
B. an inferior good.
C. a normal good.
D. a luxury good.
Answer: B
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The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The cost of the CPI market basket in 2010 is
A) $52.00. B) $5.00. C) $64.00. D) $8.50. E) unable to be calculated because information is needed about the quantities purchased in 2010.
Which of the following measures of effectiveness is an intermediate measure?
a. Cholesterol level b. Bone-mass density (BMD) c. Hip fracture d. Tumor size e. Blood pressure
Operations of the Trading Desk of the Federal Reserve Bank of New York are typically conducted
A) no more often than once per week. B) within a one-hour period during each day. C) no more often than once per month. D) once a year.
A limitation one faces when shopping for clothes is the amount of time available to shop
a. True b. False Indicate whether the statement is true or false