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

Author Question: The wealth effect of a change in the price level refers to the fact that wealthier individuals tend ... (Read 59 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
The wealth effect of a change in the price level refers to the fact that wealthier individuals tend to spend more on foreign goods.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following contains only normative statements?
 a. The birth rate is reduced as economies urbanize, but that also leads to a decreased average age of developing countries' populations.
  b. An increase in the price of corn will decrease the amount of corn purchased. However, it will increase the amount of wheat purchased.
  c. A decrease in the price of butter will increase the amount of butter purchased, but that would be bad because it would increase Americans' cholesterol levels.
  d. None of the above contain only normative statements.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


Metfan725

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
Gracias!

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

The Greenhouse Effect in a Car The Greenhouse Effect in a Car
Change in American Gender Attitudes, 1977-2006 Over recent decades, views of gender roles have beco Change in American Gender Attitudes, 1977-2006 Over recent decades, views of gender roles have beco
Change in Annual Precipitation Over Land, 1901-2010 Change in Annual Precipitation Over Land, 1901-2010
Climate Change: Volcanoes Timescale Climate Change: Volcanoes Timescale
The gap between the projected level of greenhouse gas emissions The gap between the projected level of greenhouse gas emissions
Fraction of obese individuals by state in 1998 and 2008. In 1998, 42 states had obesity rates below Fraction of obese individuals by state in 1998 and 2008. In 1998, 42 states had obesity rates below
Video: Gastrin (gastric emptying) & Secretin (buffering gastric acid)

For a complete list of videos, visit our video library