Higher prices that result from a tax on luxury goods are likely to result in
A. fewer customers and less productivity.
B. more customers and more productivity.
C. fewer customers and more productivity.
D. more customers and less productivity.
A. fewer customers and less productivity.
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An increase in an asset's expected return relative to that of an alternative asset, holding everything else constant, ________ the quantity demanded of the asset
A) increases B) decreases C) has no effect on D) erases
A private investment firm that holds a portfolio of securities is called a mutual fund
a. True b. False Indicate whether the statement is true or false
Which one of the following statements is correct?
a. Policymakers have good intentions and therefore their proposals will create good outcomes. b. Potential secondary effects do not need to be considered when deciding whether to implement a new government program. c. A good outcome is guaranteed from a government program if it is created with good intentions. d. Government programs can be implemented with good intentions but can lead to undesirable outcomes because of unintended consequences.
If A is preferred to B and B is preferred to C, then we would expect A to be preferred to C. This property is called