The ongoing search by savers for high returns leads the bond and stock markets to direct funds to the uses that appear:
A. to have the least risk.
B. least likely to be productive.
C. to have no risk.
D. most likely to be productive.
Answer: D
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The above figure shows the market for finish carpenters in Bozeman. There is a minimum wage set at $18
Compared to the initial equilibrium without the minimum wage, once the minimum wage is in place, and after taking account of job search, the total workers' surplus ________ and the total firms' surplus ________. A) decreases; increases B) increases; increases C) increases; decreases D) does not change; increases E) decreases; decreases
In the market for factors of production, firms earn income by selling goods and services to households
Indicate whether the statement is true or false
If technological change occurs in the economy
A) we will move up along the long-run aggregate supply curve. B) we will move down along the long-run aggregate supply curve. C) the long-run aggregate supply curve will shift to the right. D) the long-run aggregate supply curve will shift to the left.
If Panama has a high opportunity cost of producing salmon steaks, then it should export salmon steaks
a. True b. False