Refer to the information provided in Figure 13.1 below to answer the question that follows.
Figure 13.1Refer to Figure 13.1. The demand curve facing an electric company is most likely represented by
A. Panel A.
B. Panel B.
C. Panel C.
D. Panel D.
Answer: A
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Pizza and tacos are substitutes, and the price of a pizza increases. Which of the following correctly indicates what happens?
A) The demand for pizzas decreases and the demand for tacos increases. B) The demand for both goods decreases. C) The quantity of tacos demanded increases and the quantity of pizza demanded decreases. D) The quantity of pizza demanded decreases and the demand for tacos increases. E) The demand for each decreases because both are normal goods.
Criteria for an optimum currency area include all the following except
A) fiscal transfers. B) similar business cycle patterns. C) extensive trade with each other. D) a common language.
The federal corporate income tax rate in 2003 was about _____ for most corporations
a. 28 percent b. 35 percent c. 42 percent d. 47 percent
The definition of M1 includes:
A. cash and checking account balances. B. hard money and savings account balances. C. cash and savings account balances. D. cash, checking accounts, savings accounts, and other financial instruments where money is locked away for a specified period of time.