An increase in the saving rate will affect which of the following variables in the long run?
A) output per worker
B) capital per worker
C) the level of investment
D) all of the above
D
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Which of the following is a listing of the types or categories of resources?
A. Land, labor, and capital B. Land, labor, and education C. Land, labor, and efficiency D. Land, labor, and markets E. Land, labor, and inputs
A worldwide hops (a flower used in brewing) shortage made stouts, ales and other specialty microbrews more pricy in 2008. Gayle Goshie, a hops farmer, blames overproduction for hops' previously cheap place on the agricultural market
The glut pushed many hops farmers out business, which gradually helped hops prices recover. Suppose farming hops is a perfectly competitive market. How did farmers going out of business help hops prices recover? A) Fewer farmers cause the market supply curve to shift leftward, causing price to rise. B) Fewer farmers cause an increase in market demand, causing price to rise. C) Fewer farmers cause an increase in the surviving firms' costs, causing higher prices. D) Fewer farmers cause the individual firms' supply curves to decrease, causing higher prices.
If a higher inflation is expected, what would you expect to happen to the shape of the yield curve? Why?
What will be an ideal response?
Refer to the table below. If this market is a Cournot Oligopoly and Firm X is produces 50 units, what is Firm Y's demand at a price of $60?
The table above shows the market demand for a product that both Firm X and Firm Y manufacture. Both firms produce an identical product and the firms' average total and marginal cost are equal and constant.
A) 150 B) 100 C) 200 D) 50