Suppose that the quantity of cars demanded exceeds the quantity of cars supplied. We would expect that
A) the price of cars will increase.
B) the price of cars will decrease.
C) the supply will increase (supply will shift to the right) to meet the demand.
D) the demand will decrease (demand will shift to the left) to meet the supply.
A
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According to the Application, in 1960 the Cuban government
A) did not allow people to sell or rent their homes. B) caused a large shortage of housing as a result of its policies. C) confiscated most housing in the country. D) all of the above.
The introduction of no-load stock and bond mutual funds has made investing in stocks and bonds increasingly attractive to even the small investor. If, as a result, a large amount of money were shifted from money-market deposit funds to these stock and bond funds, how would the M1 and M2 money supply figures be affected?
a. The M2 money supply would decline; M1 would be unaffected. b. The M2 money supply would increase; M1 would be unaffected. c. The M2 money supply would increase; M1 would decline. d. Both the M1 and M2 money supply figures would increase.
In principle, trade can make a nation better off, because the gains to the winners exceed the losses to the losers
a. True b. False Indicate whether the statement is true or false
About what percent of the world's water supplies are used for agricultural purposes?
a. 90 b. 70 c. 45 d. 20 e. 10