Which of the following could cause the supply curve of loanable funds to shift to the left?
a. decrease in productivity
b. increase in the rate of interest
c. decrease in the rate of interest
d. increase in productivity
e. expectation that future prices will increase
E
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For something to serve as money, it must be
A) light, durable, and common. B) convertible to gold. C) backed by the authority of the government. D) generally accepted by buyers and sellers.
Refer to Scenario 12.3. What is the monopoly price of this new drink?
A) 0 B) $3 C) $13.50 D) $16.50 E) $27
What is the main theoretical implication regarding the standard employer-based discrimination model?
A. Discrimination is not profitable. B. Discrimination can only occur in competitive labor markets. C. Discrimination can only occur if there are exactly two types of labor (e.g., white and black). D. Workers do not care if firms are discriminatory. E. Most firms are discriminatory.
When firms advertise their products, they are attempting to:
a. shift the supply curve of the product to the right.
b. shift the supply curve of the product to the left.
c. shift the demand for the product to the right.
d. shift the demand for the product to the left.
e. create a surplus of the product.