At the current price there is a shortage of a product. We would expect price to:
A. increase, quantity demanded to increase, and quantity supplied to decrease.
B. decrease, quantity demanded to increase, and quantity supplied to decrease.
C. increase, quantity demanded to decrease, and quantity supplied to increase.
D. increase, quantity demanded to increase, and quantity supplied to increase.
Answer: C
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Use the following table to answer the question below.Giovanni's Production Possibilities ScheduleJorge's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn02400480301802036060120402409060601201200800Giovanni's opportunity cost of producing 1 pound of green beans is ________ pound(s) of corn. Jorge's opportunity cost of producing 1 pound of green beans is ________ pound(s) of corn.
A. 1/6, 1/2 B. 6,2 C. 1/2,1/6 D. 2,6
A consumer's total transportation cost includes all of the following except which one?
A) the value of the consumer's time deciding which store to travel to B) the wear and tear on the consumer's car C) the cost of gasoline D) the value of the consumer's time getting to and from the store
Suppose that labor is mobile between countries A and B. If the relative demand for goods rises in country A, then labor can flow from ______________. It may be possible in this situation for countries A and B to __________________ which would help to___________________
A) country A to country B; fix the exchange rate between the two countries (or have a common currency); eliminate the risks associated with having a flexible exchange rate. B) country B to country A; impose trade restrictions upon one another; increase employment in country A C) country B to country A; fix the exchange rate between the two countries (or have a common currency); eliminate the risks associated with having a flexible exchange rate D) country A to country B; adopt flexible exchange rates; reduce the risk of exchange rate fluctuations
All of the following are true about the risk spread except it should:
A. have a direct relationship with the bond's yield. B. be higher for highly speculative bonds than investment grade bonds. C. have an inverse relationship with the bond's price. D. have a direct relationship with the bond's price.