Professional baseball teams in the United States use only wooden bats. If aluminum bats were permitted, the likely result would be
a. a shift in the supply curve for aluminum bats.
b. a shift in the supply curve for wooden bats.
c. a shift in the demand curve for aluminum bats
d. a persistent shortage of aluminum bats.
e. a persistent shortage of wooden bats.
c. a shift in the demand curve for aluminum bats
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The term auction facility (TAF) program was instituted by the Federal Reserve to deal with the ________________________. This program gave banks ____________ options when it comes to borrowing from the Fed
A) financial crisis of 2007-2009; more B) Great Depression; more C) financial crisis of 2007-2009; fewer D) Great Depression; fewer
_________ arises when firms act together to reduce output and keep prices high.
A. An oligopoly B. Collusion C. A cartel D. A monopoly
Recent studies show that recent immigrants compete for jobs with immigrants who came into the country earlier.
Answer the following statement true (T) or false (F)
If you take national income and add transfer payments, then subtract income earned but not received, the result will be
A. disposable personal income. B. wages. C. personal income. D. net national product.