Which statement is true?
A. Rent and wages, but not interest, are determined by supply and demand.
B. Wages and interest, but not rent, are determined by supply and demand.
C. Rent and interest, but not wages, are determined by supply and demand.
D. Rent, interest, and wages are determined by supply and demand.
D. Rent, interest, and wages are determined by supply and demand.
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The Fed sells $300 million U.S. government securities to commercial banks. This action leads to ________ in Fed assets and ________ in Fed liabilities
A) a $300 million increase; a $300 million increase B) a $300 million increase; a $300 million decrease C) no change; no change D) a $300 million decrease; a $300 million decrease in E) a $300 million decrease; a $300 million increase
When oligopolistic companies engage in collusion, the companies are involved in a
A) noncooperative game. B) negative-sum game. C) competitive game. D) cooperative game.
A fall in prices of imported resources will cause aggregate:
A. demand to increase. B. supply to decrease. C. demand to decrease. D. supply to increase.
From an economist's perspective, an important consideration for policies to address global warming is:
A. The market for recyclable inputs B. The supply and demand for recycled products C. The marginal cost and marginal benefit of the policies D. A lawsuit that can arise from the enactment of the policies