Refer to the graphs shown. If quantity supplied is a fixed amount that does not vary with price, then the supply curve looks like:
A. I.
B. II.
C. III.
D. IV.
Answer: B
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Most regional trade and WTO agreements practice
A) the harmonization standards only. B) separate standards only. C) mutual recognition standards only. D) a combination of harmonization, mutual recognition, and separate standards. E) only the standards set out by the WTO.
Keynesian economists argue that monetary policy works through its effects on:
a. interest rates and investment. b. price- and wage-flexibility. c. budget deficits and trade deficits. d. the spending and money multipliers.
When the government runs a deficit, the interest rate tends to:
A. fall. B. rise. C. remain unchanged. D. rise or fall, depending on how the deficit is financed.
If you invest in a foreign company by buying 30 percent of its shares of stock, you have engaged in
A. foreign direct investment. B. moral hazard. C. portfolio investment. D. adverse selection.