The slope and location of the demand curve depend on:
A) the number of buyers.
B) production costs.
C) the number of producers.
D) all of the above.
Ans: A) the number of buyers.
Economics
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Suppose a consumer spends her income on two goods: iTunes music downloads and books. The consumer has $100 to allocate to these two goods, the price of a downloaded song is $1, and the price of a book is $20 . What is the maximum number of books the consumer can purchase?
a. 100 b. 20 c. 10 d. 5
Economics
A nation has a positive net capital outflow. Which of the following is correct?
a. Purchases of foreign assets by domestic residents exceed purchases of domestic assets by foreigners b. It has positive net exports. c. Its savings exceeds its domestic investment. d. All of the above are correct.
Economics