FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a person does not have the ability to pay for a car, economists would say that the person has no effective demand for a

If a person does not have the ability to pay for a car, economists would say that the person has no effective demand for a car. Group of answer choices False False, because desire alone constitutes demand True, because demand includes ability to pay True

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Macroeconomics

Authors: Stephen d. Williamson

5th edition

132991330, 978-0132991339

More Books

Students also viewed these Economics questions

Question

★★★★★
How does the IRS interpret the continuity of business enterprise requirement for a Type A reorganization?

Answered: 1 week ago

Question

★★★★★
1.30 Refer to the differences in per capita tax revenue and per capita expenditure in Table 1.10. a Identify outliers using a boxplot. Comment on the differences between outliers on the higher end...

Answered: 1 week ago

Question

★★★★★
=+c) Is the companys process for making flexible graphite sheets in control?

Answered: 1 week ago

Question

★★★★★
Which of the following would offer the best return on investment? Assume that you buy $5,000 in stock in all three cases, and ignore interest and transaction costs in all your calculations. a. Buy a...

Answered: 1 week ago

Question

★★★★★
If a company uses the LIFO method on its federal income tax return, then it A. Must use FIFO on its financial statements B. Must use LIFO on its financial statements C. May use any cost flow...

Answered: 1 week ago

Question

★★★★★
Exercise 8-9. cost-Plus Pricing [Lo 2] World View is considering production of a lighted world globe that the company would price at a markup of 25 percent above full cost. Management estimates that...

Answered: 1 week ago

Question

★★★★★
On average every 3 out of 12 telephones is found busy. 7 telephone numbers are selected at random. Find the probability that 6 of them will be busy.(Give your answer to 4 d.p)

Answered: 1 week ago

Question

★★★★★
Select a data collection method of your choice. Write a measurable and precise objective that can be measured through the method you selected. Then, provide the justification (e.g., pros and cons)...

Answered: 1 week ago

Question

★★★★★
Write an essay-type paper in which you summarize the rational-emotive model in your own words. Be sure to include the following elements: Brief general information about Albert Ellis. Definition of...

Answered: 1 week ago

Question

★★★★★
A friend has asked you to help him figure out a statement he received from his broker. It seems that that at the start of last year, your friend paid $900 for a bond and sold it at the end of the...

Answered: 1 week ago

Question

★★★★★
You are told that P(A) = 0.4, P(B) = 0.5 and P(A or B) = 0.68 What is the value of P(A and B)? Please provide your answer in decimal form or percentage form, correctly rounded to two decimal places.

Answered: 1 week ago

Question

★★★★★
{Monetary Policy Implementation) Scenario in year 2025: The ination rate has been averaging at b.3959 for the last sis: months. Quarterly real GDP growth has been slowing down from 3% last year to...

Answered: 1 week ago

Question

★★★★★
Financing with Accounts Receivable Each of the following excerpts are taken from the notes to the financial statements of companies providing additional information about their financial assets and...

Answered: 1 week ago

Question

★★★★★
Investment in Bonds On January 11, 2000, Flank Corporation invested $700,000 of cash held for future investment in 5-year bonds issued by Tuna Corporation. The bonds pay 7 percent interest annually....

Answered: 1 week ago

Question

★★★★★
Investing in Trading Securities Modar Company purchased 200 common shares each of Otter, Plain, and Tarm companies on January 1, 2001, at a cost of $100, $40, and $70 per share, respectively. On...

Answered: 1 week ago

Previous Question Next Question