« 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 104 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?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn? The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn?
Horizontal stroking to thigh from superior to inferior. Lift tissues as hands cross over top of ... Horizontal stroking to thigh from superior to inferior. Lift tissues as hands cross over top of ...
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Avocados are a good source of pantothenic acid, dietary fiber, vitamin K Avocados are a good source of pantothenic acid, dietary fiber, vitamin K
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library