My teacher is using the book by Samuelson in the class but for quizzes we get True and false like "if the price of beer falls and as a result people demand more of it, we say demand has increased." Can anyone tell me where these are coming from.. I mean which book she must be using to get these true and false questions.. i know she is not making them up herself.. kindly help.?
2007-10-02 14:27:58 · 5 answers · asked by Sarah S 2 in Education & Reference ➔ Homework Help
She is making them up herself. To be honest, that sound more like a microeconomics question.
In this case, she is relying on your knowledge that if prices fall, demand increases (assuming that supply remains unchanged).
Nice to hear that the classics are still being used. I rode on an elevator with Samuelson a few years ago when I was teaching at MIT. It was nice to see he still came in occasionally.
2007-10-02 14:34:14 · answer #1 · answered by Ranto 7 · 0⤊ 0⤋
Well, honestly, she probably is making them up. The way supply and demand react to prices is pretty much the basis of economics. Questions like that are a pretty straightforward way to address your understanding of the basics, and I can almost guarantee you she is making them up. That's not to say she makes up ALL the questions, but ones like that are very basic.
2007-10-02 14:33:00 · answer #2 · answered by Grace1228 3 · 0⤊ 0⤋
Sounds to me like John Maynard Kaynes. Check spelling on Kaynes. Econ. major. U of Ga. 1964.
2007-10-02 14:39:43 · answer #3 · answered by William C 7 · 0⤊ 0⤋
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2016-10-06 00:12:35 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Actually she probably is coming up with them herself. You just have to use logic to reason them out.
2007-10-02 14:31:52 · answer #5 · answered by opalescent_angel 5 · 0⤊ 0⤋