when the economy suffers a downturn and the incomes of many people decrease vacationers are more likely to take car trips than to fly. | |||||||||||||
This statement is true because car trips are cheaper than air travel. | |||||||||||||
When the income of people decreases, people want to spend less money | |||||||||||||
on vacation expenses. |
when the exonomyy suffers a downturn and the incomes of many people decrease vacationers are more...
What happens to demand, price, and quantity for Uber rides when: 1 Incomes increase and Uber rides are a normal good. 2 People purchase more cars, a substitute for Uber rides. a. decrease, increase, decrease b. increase, increase, increase c. decrease, decrease, decrease d. increase, decrease, increase
5. The graph below shows incomes of a sample of young people who graduated from the high school in your community six months ago. Which is more likely? Frequency 0 1000 4000 5000 6000 2000 3000 income A. The mean is smaller than the median B. The mean is larger than the median C. The mean is equal to the median D. We cannot say without having the actual numbers
Why do many people believe that older adults are more likely to be depressed than younger adults? What does the evidence on prevalence rates show?
Many people now spend more screen time in front of their computers than in front of the television. In many ways, the Internet allows an even greater variety of options for viewing violence than television does, including violent videos, violent pictures, and hate-group websites (Donnerstein, 2011). It also allows people to create and distribute violent media themselves, and to bully others through email, instant messaging, or on social networking websites (Donnerstein, 2011). In a survey of European adolescents, one-third reported...
Why do many people in Southern Europe consider themselves Caucasian when in fact they are more closely related to Middle Eastern people? Also, why do southern European people look middle eastern?
When people hake more money, they sometimes take more vacation time. Based on this information, we can say that leisure is a(n)good. Giffen O inferior substitute normal O complement
13) What makes the market for credit so much more complicated than the market for oranges? a. Supply is not increasing in the price b. There is no well-defined price for credit c. Transactions take place over time d. The demand is nonlinear 14) Which of the following is an example of moral hazard? a. Consumers with worse health histories are charged higher rates b. Drivers with car insurance are more likely to speed c. People with poor vision are...
The current economy is strong and many people are feeling confident about their future and ability to pay off debt. Because of this they are taking on more bank loans for things like new cars, renovating their homes, or buying new homes Using the four step process with this type of market, what will banks most likely do with their loans? They would increase the supply of loans and decrease the interest rate. They would increase the quantity supplied of...
Question4 1 pts The current economy is strong and many people are feeling confident about their future and ability to pay off debt. Because of this they are taking on more bank loans for things like new cars renovating their homes, or buying new homes. Using the four step process with this type of market, what will banks most likely do with their loans? They would increase the quantity supplied of loans and increase the interest rate. O They would...
A stock market is more likely to be inefficient when Multiple Choice A) there are many analysts B) there is little liquidity C) in a developed economy