Refer to the above table. Suppose the price of B rises from $18 to $20. What is the cross price elasticity of demand between A and B?

A. +1
B. 0
C. -1
D. -2

Answer: A

Economics

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Hyperinflations occur because governments want to spend more than they raise in taxes, and they pay for the extra purchases by printing money

Indicate whether the statement is true or false

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State chartered banks were supposed to be driven out of business by the National Currency Act of 1863 and the National Banking Act of 1864 by

A) imposing a tax on their issuance of state bank notes. B) prohibiting them from having interstate branches. C) prohibiting them from paying interest on demand deposits. D) regulating the amount of interest they could pay on savings accounts.

Economics