Suppose that a new study finds that eating more peanut butter will improve a person's health. As a result
A) the demand for peanut butter will fall.
B) the demand for peanut butter will rise.
C) the price of peanut butter will fall.
D) a smaller amount of peanut butter will be purchased.
B
Economics
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A government that generates revenue mostly through an inflation tax faces the risk of:
A) rapidly falling prices. B) hyperinflation. C) mass tax evasion. D) a sudden fall in revenue.
Economics
The artist Pablo Picasso sketched a woman tourist and charged her a lot for just a few minutes work. By his response, this is an example of:
a. Overcharging b. Getting paid for one's life experience, expertise c. Agreement on the woman's part about "fair value" d. Material resources
Economics