【題目】 Which of the following is the amount a person would invest now to receive a greater amount in the future? Market interest rate Present value Future value Stated interest rate
【題目】 Suppose the price of a good rises. When will the resulting substitution effect reduce the quantity demanded of the good? Only when the good is inferior. Whenever the good is a non-Giffen good. Only when the good is normal. A ...
【題目】 If a good is produced using inputs for which there are no substitutes, the good's elasticity of supply is likely to be small. elasticity of demand will be large. elasticity of supply is likely to be large. elasticity of dem ...
【題目】 A decrease in the supply lowers its equilibrium price and increases its equilibrium quantity. increases both its equilibrium price and its equilibrium quantity. raises its equilibrium price and decreases its equilibrium quantity. ...
【題目】 If a fall in the price of good A increases the quantity demanded of good B, A and B are substitutes B is a substitute for A, but A is a complement to B A and B are complements A is a substitute for B, but B is a complement ...
【題目】 Which of the following factors would not cause the demand curve for a given product to shift? Changes in price. Changes in the price of a related good. Changes in income. Changes in the distribution of income.
【題目】 The fallacy of composition is evident in which of the following statements? When the NFC team wins the Superbowl, the stock market rises. If each farmer works harder all farmers will be richer. Technological progress helps everybody. ...
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