« previous next »

Author Question: If consumers' incomes increase and the demand for bus rides decreases A) bus rides are a normal ... (Read 144 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
If consumers' incomes increase and the demand for bus rides decreases
 
  A) bus rides are a normal good.
  B) consumers are behaving irrationally.
  C) bus rides are an inferior good.
  D) none of the above.

Question 2

The real interest rate is found by dividing the nominal interest rate by the CPI. Is this statement true or false?
 
  What will be an ideal response?


allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The statement is false. The real interest rate equals the nominal interest rate minus the inflation rate, not divided by it.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

A comparison between chromosomes found in a normal human cell and a cancer cell from the same person A comparison between chromosomes found in a normal human cell and a cancer cell from the same person
Vision. Normal vision and vision problems. Vision. Normal vision and vision problems.
Changes in bronchioles during an asthma attack: (a) normal bronchiole, (b) inflammation obstructing ... Changes in bronchioles during an asthma attack: (a) normal bronchiole, (b) inflammation obstructing ...
Changes in bronchioles during an asthma attack: (a) normal bronchiole; (b) asthmatic bronchiole. Changes in bronchioles during an asthma attack: (a) normal bronchiole; (b) asthmatic bronchiole.
Normal vs. Frank Breech Normal vs. Frank Breech
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Video: Kidney Stones

For a complete list of videos, visit our video library