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

Author Question: A decrease in the relative price of economics textbooks will raise the aggregate quantity of an ... (Read 48 times)

jCorn1234

  • Hero Member
  • *****
  • Posts: 545
on: Jun 30, 2018
A decrease in the relative price of economics textbooks will raise the aggregate quantity of an economy's goods and services demanded.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following best illustrates the fallacy of composition?
 a. If I have more money, I will be better off; therefore if we all had more money, we all would be better off.
 b. If I buy more gas each week, my gas consumption increases; therefore, if all gas consumers buy more gas each week, total gas consumption will increase.
  c. If I spend more time studying, I will learn more; therefore, if all students spend more time studying, they will learn more.
  d. If women's hemlines are higher this year, the Dow Jones Industrials average will fall.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

srodz

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

a


jCorn1234

  • Member
  • Posts: 545
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Past and Future Use of Aggregate Past and Future Use of Aggregate
Radiation Quantity and Quality Radiation Quantity and Quality
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Outgroup role in relative rate test Outgroup role in relative rate test
Economics question Economics question
Relative changes in distribution of sleep stages over the lifespan Relative changes in distribution of sleep stages over the lifespan
Video: Tuberculosis Testing

For a complete list of videos, visit our video library