The only variable that can affect a movement along the demand curve is
A) income levels.
B) the price of the good itself.
C) the number of buyers.
D) the number of substitutes.
Answer: B
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Which of the following is NOT considered one of the factors of production?
A) land B) labor C) capital D) technology E) entrepreneurship
As more people started using fax machines, fax machines became more valuable to individual users. This is an example of a(n) ________
A) moral hazard B) adverse selection C) network externality D) negative externality
Asymmetric information is a form of
A) market imperfection. B) regulatory arbitrage. C) capital market liberalization. D) financial sector deregulation.
If the Fed wants to lower the interest rate, it will
a. buy bonds and decrease the money supply. b. buy bonds and increase the money supply. c. sell bonds and decrease the money supply. d. sell bonds and increase the money supply. e. sell bonds and decrease money demand.