As gardeners tried to make their yards places for quiet retreat, sales of backyard fountains increased. What factor affecting demand does this illustrate?
a. income
b. market size
c. consumer expectation
d. consumer taste
Ans: d. consumer taste
Economics
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If the supplies of capital and labour are fixed and technology is unchanging, then real output is:
A. fixed. B. determined by demand. C. uncertain. D. subject to wide fluctuations.
Economics
If government spending is used to bolster the level of economic activity, the type of financing available to the U.S. government that would increase aggregate spending the most is
a. taxation. b. borrowing from the public. c. borrowing from banks. d. printing money.
Economics