This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the world supply of diamonds decreases, diamonds become more valuable, and therefore, the ... (Read 217 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 30, 2018
If the world supply of diamonds decreases, diamonds become more valuable, and therefore, the consumer surplus derived from diamonds increases.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the money supply grew by 6 percent and velocity fell by 2 percent, nominal GDP would:
 a. fall by 4 percent.
 b. rise by 4 percent.
 c. rise by 8 percent.
 d. rise by 12 percent.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


Charlie

  • Member
  • Posts: 640
Reply 2 on: Jun 30, 2018
Gracias!

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row
Ottoman Empire and the Arab World, 1914 Ottoman Empire and the Arab World, 1914
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
A member of the Uru-Eu-Wau-Wau tribe in Brazil. The way of life of the world’s few remaining rain ... A member of the Uru-Eu-Wau-Wau tribe in Brazil. The way of life of the world’s few remaining rain ...
Becker's World of the Cell Becker's World of the Cell
Dry Shrublands and Woodlands on the world map Dry Shrublands and Woodlands on the world map
Video: Introduction to Diabetes

For a complete list of videos, visit our video library