How will the development of the hybrid automobile, a car powered by both a gasoline engine and a battery, affect the market for gasoline?
A. Demand will increase
B. Demand will decrease
C. Supply will increase
D. Supply will decrease
B. Demand will decrease
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Between 1820 and 1860, in the U.S.,
a. real wages rose. b. unskilled workers' earnings fell relative to skilled workers' earnings. c. fertility rates fell. d. the number of self-employed workers fell. e. All of the above.
A perfectly competitive firm producing 100 units of output per period finds that: Average total cost is $20; Average variable cost is $12; Marginal cost is $18 and increasing; Price of the product is $15. This firm should
a. produce more output b. raise the price of its product c. reduce production without shutting down d. shut down (reduce output to zero) e. do nothing (it is currently maximizing profit)
Other things remaining the same, if a nation's expected return on assets and inventories rises, the demand to hold money:
a. Falls. b. Rises. c. Does not change.
According to the National Bureau of Economic Research, the United States has experienced ________ recessions since 1950
A) 4 B) 7 C) 10 D) 15