Surpluses drive price up, while shortages drive price down
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If the poverty threshold is set at 50 percent of median income, and if the poverty line is $10,000 . what is median income?
a. $50,000 b. $20,000 c. $10,000 d. $5,000 e. $25,000
Economics
One reason that people hold money is to pay for unexpected car repairs and other unpredictable expenses. This motive for holding money is called:
A. transactions demand. B. precautionary demand. C. speculative demand. D. noncyclical demand.
Economics