The quantity demanded of a good is:
A) the amount of a good that sellers are willing to supply at a given market price.
B) determined independent of the market price.
C) always determined by government intervention.
D) the amount of a good that buyers are willing to purchase at a given market price.
D
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Assume that a company is producing at a point beyond where diminishing returns has already set in. If the firm cuts back on production what would you expect should happen to the marginal product of labor and why?
What will be an ideal response?
If the Fed is increasing its holdings of government bonds at the same time the federal deficit is increasing,
a. the Fed and the Treasury are, as usual, coordinating activities. b. crowding out is more likely to occur. c. the debt is being monetized. d. the Fed is attempting to increase interest rates.
Rank the following in order of highest to lowest interest rate:
a. 1 year AAA municipal bond, 1 year AA municipal bond, 1 year corporate bond, 5 year corporate bond b. 5 year corporate bond, 1 year corporate bond, 1 year AAA municipal bond, 1 year AA municipal bond c. 5 year corporate bond, 1 year corporate bond, 1 year AA municipal bond, 1 year AAA municipal bond d. 1 year AA municipal bond, 1 year AAA municipal bond, 1 year corporate bond, 5 year corporate bond
If the demand for a good decreases as income decreases, then the good is a(n):
A. substitute good. B. inferior good. C. normal good. D. complementary good.