An increase in the interest rate will
a. Leave the price of bonds unchanged
b. Increase the price of bonds
c. decrease the price of bonds
d. Increase of decrease the price of bonds depending upon whether the money supply has increased or decreased.
C
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If revenue in the short run is less than variable costs, what should the firm do?
What will be an ideal response?
Total revenue divided by quantity is
A) average revenue. B) marginal revenue. C) quantity revenue. D) price revenue.
Which requirement for perfect competition rules out trade associations or other collusive arrangements in which firms work together to influence price?
A. Freedom of entry and exit B. Homogeneity of product C. Perfect information D. Numerous small firms and customers
An economic forecast:
a. will always be true. b. is more reliable than a weather forecast. c. will never provide valuable information. d. should not be relied upon to predict economic events. e. is always based upon a Ceteris paribus condition.