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Home Search Your Textbook Principles of Economics

Questions for: Principles of Economics — 12e

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Social goods are goods and services that bestow collective benefits on members of society.
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You value your favorite shirt at $100. Someone else values it at $80, and that person is willing to ...
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The ratio of nominal GDP to the stock of money is the
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When there is an unplanned draw down of inventories, firms will increase production.
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Eliza wants to borrow $100 from Sandy. Sandy wants to make 4% real return on his money, so they both ...
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As a percentage of government receipts, corporate income taxes are larger than personal income taxes ...
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If in a year there is a positive inventory investment, then final sales
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The price of a stock should equal the face value of its expected future dividends.
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The Lucas supply model, in combination with the assumption that expectations are rational, leads to ...
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A change in the ________ leads to a change in demand that causes a ________.
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Rent-seeking behavior refers to actions by landlords to pressure the government into subsidizing ...
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The velocity of money is the number of times a dollar bill changes hands, on average, during a year.
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The most important statistical tool in empirical economics is standard deviation.
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The assumption of no effect from the results of an experiment is known as the null hypothesis.
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In the United States in 2015, the highest employment rate was for ________ and the lowest was for ________.
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The Smoot-Hawley tariff increased the average tariff rate to ________ percent.
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Firms stop producing DVDs and start producing Blu-ray discs because people prefer Blu-ray discs ...
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When a country's exports of goods are less than its imports of goods in a given period, it has a
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The demand for massage therapists declined in the spring of 2016, but the starting wages paid to ...
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If the personal saving rate is 5% and personal saving is $10 billion, the value of personal disposable income
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