Which of the following is a determinant of supply?
A. Number of buyers.
B. Consumers' income.
C. Consumer tastes or preferences.
D. The prices of the factors of production.
Answer: D
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Describe the provisions of the Sherman Act
What will be an ideal response?
Barter works best when: a. there is an absence of a double coincidence of wants
b. many different products are available in the economy. c. money is readily available to establish relative prices. d. each trader has what the other wants and wants what the other has. e. highly developed economies achieve extensive specialization of labor.
The primary purpose of the Federal Open Market Committee (FOMC) is to: a. set reserve requirements
b. extend loans to member banks of the Fed. c. buy and sell government securities. d. distribute Federal Reserve notes. e. enforce bank regulations.
The most commonly held form of public debt is the
a. Treasury bond b. Treasury bill c. Treasury note d. savings bond e. savings bill