Jackie notices everyone wearing Converse sneakers on the first day of school. Ever the fashionista, this will likely affect:
A. Jackie's income, as she now needs to buy Converse and will have less to spend on other goods.
B. Jackie's preferences for shoes, since she feels as though she needs them now.
C. Jackie's expectations of future prices, since the price of Converse will likely go up because they're getting so popular.
D. the prices of related goods, since other shoes will be less popular and cost less now.
B. Jackie's preferences for shoes, since she feels as though she needs them now.
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The Japanese health care system most closely resembles the health care system of _______, from which it was copied
a. theUnited States. b. France. c. Great Britain. d. Germany. e. Canada.
For a monopoly firm, which of the following equalities is always true?
a. price = marginal revenue b. price = average revenue c. price = total revenue d. marginal revenue = marginal cost
Which of the following statements is correct?
A. Slope is the ratio of the vertical change (the rise or fall) to the horizontal change (the run). B. A direct relationship is one in which two variables change in the opposite direction. C. An inverse relationship is one in which two variables change in same directions. D. An independent relationship is one in which two variables are upward sloping.
The reserve requirement is the:
A. minimum level of reserves a bank can have. B. maximum level of reserves a bank can have. C. maximum ratio of reserves to deposits that a bank can have. D. minimum ratio of reserves to deposits that a bank can have.