The market to buy and sell organs:
A. is missing.
B. has been banned by public policy.
C. would create surplus for those who would interact in it.
D. All of these are true.
D. All of these are true.
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If price is cut and demand is elastic, total revenue will rise because
A) the change in quantity demanded is greater than the percent change in price. B) the percent change in quantity demanded is greater than the change in price. C) the percent change in quantity demanded is greater than the percent change in price. D) customers can't find substitutes.
Eileen inherits $20,000 from her uncle and deposits the money into an account at Silver Star Bank. Silver Star has a required reserve ratio of 10 percent, meaning it must keep ______ of Eileen’s deposit in reserve.
a. $10,000 b. $2,000 c. $8,000 d. $18,000
A year-long drought that destroys most wheat crops for the season would shift the:
A. short-run aggregate supply curve only. B. aggregate demand curve only. C. aggregate demand curve, and the short-run aggregate supply curve would shift in response. D. short-run aggregate supply curve and the long-run aggregate supply curve.
If point C is now 9 units of guns and 8 units of butter, the maximum units of guns possible to produce is 17 and the maximum units of butter possible to produce is 13, the production possibility curve would have shifted _____________ (outward/inward).
