Since the 1970s, the incidence of obesity has risen from 15% of the U.S. population to
a. 20%.
b. 25%.
c. 30%.
d. 35%.
e. 50%. 12.Part of the cause of obesity is that food is cheaper; when something is cheaper
a. The demand curve slopes upward.
b. The demand curve slopes downward.
c. Consumers demand more
d. Consumers demand less
e. Both b and c are correct.
C
You might also like to view...
Which of the following is a reason why a bank may hold excess reserves?
a. It earns more interest on reserves than on loans. b. It is required to do so. c. It may want flexibility to increase its loans if interest rates rise in the near future. d. Banks often expect a drop in the required reserve ratio. e. Banks often expect a rise in the required reserve ratio.
Tariffs
a. benefit consumers by lowering prices b. harm producers by decreasing competition in the product market c. harm consumers by increasing the quantity of goods available d. skew the terms of trade in favor of importing nations e. benefit domestic producers because they can charge higher prices and sell more output