>By the transitivity property, if A > B and B > C then:
A. A ~ C
B. A > C
C. B ~ C
D. A < C
Answer: B
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Which of the following changes would not result in a shift in the demand curve for milk?
A. A change in the income of buyers of milk B. A change in the price of milk C. A change in the population D. A medical report that milk consumption increases cholesterol.
Jim has the following assets and liabilities:Credit card balance$2,000Cash$500Government bonds$2,000Checking$750Car loan balance$5,000Car$15,000 Which of the following actions would increase Jim's money demand by $200?
A. Jim pays $200 cash for a new lamp. B. Jim gets a $200 cash advance on his credit card and puts the proceeds in his checking account. C. Jim writes a check for $200 to pay down his credit card balance. D. Jim writes a check for $200 to pay down her car loan balance.
If the capital stock ________ while the supply of labor ________, it is likely that the productivity of labor will fall.
A. increases; remains fixed B. remains fixed; increases C. increases; decreases D. increases; increases
In contrast to investment, consumption is:
A. relatively unstable. B. relatively stable. C. measurable. D. unmeasurable.