If supply increases, then the
A. supply curve shifts to the left.
B. equilibrium quantity goes down.
C. demand curve shifts to the right.
D. equilibrium price goes down.
Answer: D
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A cartel arrangement is likely to be successful for its members only if it can
A) assign sales to specific members. B) keep new firms from entering the industry. C) prevent firms not in the cartel from marketing close substitutes. D) do all of the above.
Information technologies ________ the demand for low-skilled labor, increase the ________ high-skilled labor, lower the wage rate of ________ labor, and raise the wage rate of ________ labor
A) decrease; demand for; low-skilled; high-skilled B) decrease; supply of; low-skilled; high-skilled C) do not change; supply of; high-skilled; low-skilled D) do not change; demand for; high-skilled; low-skilled
All items on a bank's balance sheet are stock variables
a. True b. False
The issue with centralized versus decentralized decision making is that
A. it is always easy to find out which is better, but not all may agree. B. centralization is always better because one person controls all information. C. decentralization is always better because many people can split the tasks. D. it is difficult to find out whether one is better than the other in the hierarchy.