Which of the following is not a leading variable?
A) Inflation
B) Stock prices
C) Average labor productivity
D) Residential investment
A
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A firm has an incentive to decrease supply now and increase supply in the future if it expects that
A) the price of its product will be lower in the future than it is today. B) more firms will enter the market in the future. C) the price of its product will be higher in the future than it is today. D) the prices of inputs used to produce the product will rise in the future.
Price floors are primarily targeted to help
a. No one b. Consumers c. Producers d. Government
In 18th century Europe, governments gave guilds legal authority to limit production of goods. This authority obstructed the market mechanism because the guild's actions prevented the forces of ________ from coordinating the self-interested decisions of
producers and consumers. A) absolute advantage B) demand and supply C) opportunity cost D) nature
Refer to the information provided in Figure 31.1 below to answer the question(s) that follow.
Figure 31.1Refer to Figure 31.1. A movement from Point D to Point C represents
A. a decrease in capital stock. B. a decrease in the labor force. C. economic growth. D. economic decline.