If a technological breakthrough reduces input quantities needed to produce some item,

a. cost of production will be increased.
b. the price of the product will rise.
c. the price of the product will fall.
d. quantity demanded of the product will fall.


c

Economics

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An increase in the quantity of money supplied shifts the money supply curve to the ________, and the equilibrium interest rate ________, everything else held constant

A) right; falls B) right; rises C) left; falls D) left; rises

Economics

The statement "It is better to suffer a little more unemployment than a little lower price" is an example of normative economic analysis

a. True b. False Indicate whether the statement is true or false

Economics

Which of the following is NOT one of the three common ways that private trade intermediaries are paid by exporters?

A) commission rate B) buy-sell basis C) fixed salary D) special event contribution

Economics

If a corporation earns a profit, how do owners of the firm share in the profit?

A) through coupon payments on that firm's bonds B) through dividend payments on shares of that firm's stock C) by selling any bonds or stocks owned and realizing a capital gain D) by raising the interest rate on bonds

Economics