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Home Search Your Textbook The Economic Way of Thinking

Questions for: The Economic Way of Thinking — 13e

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Which combination of monetary and fiscal policies might policymakers elect to ward off a potential r

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Suppose the market for guitars "clears" at a price of $500 per guitar. What does the above statement

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Drivers are charged a price to use a tollway. But even tollways, such as the Tri-State Tollway near

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Entrepreneurs obtain control over the resources employed in the projects they undertake by

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Who still has to economize?

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Consider the market for credit. When the demand for credit decreases while the supply of credit rema

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Suppose Ed Sike, whom you've met in chapter 8, loses one of his $10 bills. What directly happens to

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The supply of any good is likely to be inelastic when

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According to your text, when a shortage exists,

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If the local airport decides to pay monetary compensation to the people on whom the airport's operat

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Fill in the blank: National income accountants define a(n) ________ good as something purchased with

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The usefulness of money in commercial societies comes from the fact that

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According to the economic analysis of democracy, citizens do not acquire sufficient information to v

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The economic way of thinking would approach the question "Is this industry competitive?" by

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What effect does the televising of the Super Bowl have on the cost to the National Football League o

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As people have more time to adjust to changes in a good's price,

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Because everybody lives under uncertainty, everybody is

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People who come to fear that their wealth is going to be confiscated will acquire a relatively great

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Which Fed policy would be part of a restrictive monetary policy?

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Other things constant, political instability in a poor nation tends to reduce

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