« previous next »

Author Question: If the income elasticity of demand is less than 1.0, it means it is an inferior good. a. True b. ... (Read 149 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jun 30, 2018
If the income elasticity of demand is less than 1.0, it means it is an inferior good.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In its original role as lender of last resort, the Fed was supposed to:
 a. provide mortgage money for the poor.
 b. keep the money supply from drying up during economic panics.
 c. lend money to people in localities not served by commercial banks.
  d. lend money to developing nations whose own central banks had failed.


kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

pepyto

  • Hero Member
  • *****
  • Posts: 547
Reply #2 on: Jun 30, 2018
Correct answers!


kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Superior and ¬inferior parts Superior and ¬inferior parts
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ... An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
Inferior view of skull Inferior view of skull
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library