Which determinant of demand changes in the personal computer market as more individuals become interested in "surfing the Internet"?
A. Number of buyers.
B. Expectations.
C. Cost of factors of production.
D. Income.
Answer: A
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Emocrats often argue in favor of what to push the economy toward economic recovery, as they did during the recession that began in 2008?
A. Tax cuts B. Increase government spending C. Decrease government spending D. Encourage the public to save more
Refer to the accompanying figure. An increase in demand is represented by a shift from:
A. curve C to curve D. B. curve D to curve C. C. curve B to curve A. D. curve A to curve B.
When households hold money for unplanned expenditures and emergencies, it is called
A. the precautionary demand for money. B. the transactions demand for money. C. the irrational demand for money. D. the speculative demand for money.
Refer to the data. The average product (AP) when two units of labor are hired is:
Use the following data to answer the question:
A. 8.
B. 9.
C. 10.
D. 18.