An actress sets off a craze for wearing work boots among her fans. What factor is affecting demand?
a. consumer expectation
b. consumer taste
c. complements
d. substitutes
Ans: b. consumer taste
Economics
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Resources are all of the following EXCEPT
A) scarce and therefore require choices to be made. B) limited in quantity and can be used in different ways. C) unlimited and in abundance. D) the things we use to produce goods and services.
Economics
Which of the following shifts the aggregate supply curve rightward? i. The money wage rate rises. ii. Potential GDP increases. iii. Government expenditure on goods and services increases
A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
Economics