Computer chips are a normal good. Suppose the economy slips into a recession so that income falls. As a result, the demand for computer chips ________ so that the price of a computer chip ________
A) increases; rises
B) increases; falls
C) decreases; rises
D) decreases; falls
E) decreases; does not change
D
Economics
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David Elkind, author and child expert, says that:
a. Children do not have enough to do b. Children have too much free time c. Children are overcommitted and growing up too fast and too soon d. Children spend too much time in unorganized activities
Economics
If you invest $500 today, and the value one year from today is $1000, then the annual interest rate must be
A) 10%. B) 50%. C) 100%. D) 200%.
Economics