If there is unplanned inventory accumulation there is excess
A) demand for bonds.
B) supply of bonds.
C) demand for commodities.
D) supply of commodities.
D
You might also like to view...
Opportunity cost exists because of
A) poverty. B) scarcity. C) greed. D) self-interest.
Suppose the marginal product of the second worker hired by a firm is 3, and the price of the last unit produced is $7 . Which of the following is true of the marginal revenue product of the second worker?
a. It must equal $21. b. It must be less than or equal to $21. c. It must be greater than or equal to $21. d. It equals $21 only if the firm is a price searcher (e.g., monopoly). e. We can conclude nothing about marginal revenue product.
The lowest of the federal or state minimum wage levels prevails in each state
a. True b. False Indicate whether the statement is true or false
A leftward shift of the supply curve will lead to a(n)
A) increase in equilibrium price. B) excess demand at the old equilibrium price. C) decrease in quantity demanded. D) All of the above.