Which explains why supply curves slope upward to the right?
A) Sunk costs
B) Decreasing average costs
C) Increasing marginal costs
D) Multiple per-unit costs
C
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Eugene White's 1989 study did NOT find that:
a. an increased willingness on the part of New York banks to supply call loans caused the bull market. b. interest rates on call loans increased by roughly 50% from 1922 to 1929. c. credit was being pulled into the stock market by rising interest rates on call loans. d. White's study found all of these things to be true.
Which of the following can shift the labor demand curve to the right?
a. Decrease in product price. b. Increase in wages. c. Decrease in wages. d. Decrease in the MP. e. Increase in productivity.
Which of the following is the objective of expansionary monetary policy?
a. An increase in employment. b. A decrease in employment. c. An increase in the velocity of money. d. An increase in prices proportional to the rise in the money supply.
Organic pollution does not represent an external cost.
Answer the following statement true (T) or false (F)