In January, 2,500 quarts of ice cream are sold in Boston at $2 a quart. In February, 3,000 quarts are sold at $2.50 a quart. This change in quantity sold and price may have been caused by
a. a reduction in wages in the Boston area.
b. the introduction of labor-saving automated ice cream-packing machinery.
c. the release of a medical study showing that ice cream consumption improves mental health.
d. the decision by Boston ice cream sellers to eliminate discount coupons.
c
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The accounting relationship between the budget deficit and the trade deficit may be expressed as ____
a. G + T = (S + I) + (X ? IM) b. G ? T = (S + I) + (X + IM) c. (X - IM) = (S - I) ? (G - T) d. (X - IM) = (S + I) ? (G - T)
Central bank reserve assets are kept in three major forms: foreign-exchange reserves, silver, and gold.
a. true b. false
Democracy ________ essential to economic growth and according to the capabilities approach should ________.
A. is not; not be considered as improving lives if it doesn't directly contribute to growth B. is not; still be essential in sustaining basic freedoms C. is; also be seen as essential to sustaining basic freedoms D. is; not be considered to create capabilities without directly contributing to growth
Ockham's razor is the principle that states
A. irrelevant detail should not be included in a model. B. costs which have been incurred cannot be avoided. C. we must forgo something when making a decision. D. supply creates its own demand.