Refer to the scenario above. The demand for Go!'s soccer balls is 2,500 units if ________
A) the price charged by Sporty is higher than the price charged by Go!
B) the price charged by Go! is higher than the price charged by Sporty
C) the price charged by Sporty is equal to the price charged by Go!
D) the price charged by Go! is higher than the cost of producing a ball
A
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Which of the following statements is true?
A) Optimization in levels is often slower to implement than optimization in differences, as it considers only the aspects in which alternatives differ. B) Optimization in differences is often faster than optimization in levels, as it considers all aspects of the feasible alternatives. C) Optimization in levels is based on ordinal analysis. D) Optimization in differences is based on marginal analysis.
The perfectly competitive model makes a lot of fairly unrealistic assumptions. Why do economics text books still talk a lot about this model?
A) Many markets are close to being perfectly competitive. B) It is an important model to use as a benchmark to compare other markets structures to. C) Perfectly competitive markets maximize societal welfare. D) All of the above.
Britain's departure from the gold standard in September 1931 ____ bank closures in the United States because ____
a. decreased, the British decided to invest their gold in the U.S b. increased, anyone who wanted gold had to withdraw it from U.S. banks c. decreased, Britain could now follow expansionary monetary policies at home d. increased, people realized that the United States was about to "bail out" Britain with large loans
Which of the following steps does not belong to the sequence of events reflecting the finance of a large government budget deficit? a. The U.S. Treasury sells securities
b. The sale of securities drives up interest rates. c. Attracted by the high interest rates, foreigners purchase dollars in order to invest in the U.S. d. Greater demand for the dollar increases its value relative to other currencies. e. The rising value of the dollar leads to increased U.S. exports and reduced U.S. imports.