Suppliers will provide more of a good when
A) the market price increases.
B) the good is a normal good.
C) resource prices increase.
D) there is a decrease in demand.
Answer: A
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Aggregate demand ________ and shifts the AD curve ________ when ________
A) increases; rightward; government expenditure increases B) increases; leftward; government expenditure increases C) decreases; leftward; foreign income increases D) increases; rightward; future expected profit decreases E) increases; rightward; taxes increase
Which of the following is TRUE?
a. Purchase a supplier as long as the supplier is profitable b. Purchasing a profitable customer would lead to an increase in profits c. Purchasing a profitable supplier may not necessarily increase your profits d. Purchasing a profitable supplier is a bad idea and would lead to decreased profits
Risk is:
A. when the costs or benefits of an event or choice are uncertain. B. why the changing value of money is such a challenge. C. to always be avoided, at any cost. D. None of these statements is true.
The original comparative advantage model that used the relative abundance of factors of production to explain comparative advantage assumed that countries:
a. employed all four factors of production; land, labor, capital, and entrepreneurship. b. employed only two factors of production; labor and capital. c. employed only two factors of production; land and entrepreneurial ability. d. worked with a fixed capital stock. e. were free to vary their employment of only one factor of production; labor.