When the demand for alternative investments decreases, the market for a particular bond adjusts by
a. having the supply of that bond increase.
b. having the supply of that bond decrease.
c. having the demand for that bond increase.
d. having the demand for that bond decrease.
C
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In the above table, if the marginal revenue product is $14, how many workers will the profit maximizing monopsonist hire?
A. 2 B. 3 C. 4 D. 5
An appreciation of the U.S. dollar relative to the Japanese yen causes
A. a lower dollar-price of Japanese goods which induces the U.S. to increase their purchasing of Japanese goods. B. the U.S. to buy less Japanese goods, causing the U.S. to depreciate. C. the quantity demanded of U.S. dollars to increase because the Japanese want to buy more U.S. goods. D. the Japanese to buy more U.S. goods, causing the dollars to appreciate further.
Which of the following is false? a. When demand is elastic, quantity and total revenue change in the same direction along it. b. When demand is inelastic, quantity and total revenue change in the opposite direction along it. c. When supply is elastic, quantity and total revenue change in the same direction along it
d. When supply is inelastic, quantity and total revenue change in the opposite direction along it.
The failure of the Knights of Labor to bring about structural change in the U.S. economy and society was mainly due to
a. the disruptive activities of detective agents hired by employers b. its inability to convince its own members of the importance of these wider goals c. its failure to represent the less-skilled industrial workers d. its excessive focus on craft unions e. its limited membership