Which of the following would not cause a change in the demand for cheese?
a. an increase in the price of crackers, which are consumed with cheese
b. an increase in the income of cheese consumers
c. an increase in the population of cheese lovers
d. an increase in the price of cheese
d
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Use the following figure for the federal funds market to answer the next question.
If the Fed supplies $300 billion in reserves, the equilibrium federal funds rate is ________.
A. 5.0% B. 6.0% C. 5.5% D. Undeterminable with the information given.
Which of the following statements is true?
A) Geography and culture of a nation are under human control, while institutions of a nation are outside of human control. B) Geography refers to man-made factors, and in particular to the organization of society determined by the members of that society. C) Geography of a nation is not always under human control, while institutions of a nation are man-made. D) Most of the geography of a nation can be changed over time.
Which of the following will take place in the foreign exchange market if there is an increase in the demand for products made in the United States?
A) The supply of dollars will decrease. B) The demand for dollars will decrease. C) The demand for dollars will increase. D) The dollar will decrease in value.
Import quotas on steel tend to result in higher quantities of steel being sold at lower prices than would be observed in the absence of a quota
Indicate whether the statement is true or false