Farmers can choose to produce eggs or milk. If there is an increase in the price of milk then what will be the effect in the egg market?
a. The quantity of eggs demanded will increase.
b. Egg demand will decrease.
c. Egg supply will increase.
d. Egg supply will decrease.
D
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Which of the following increases as a result of an increase in real GDP?
i. autonomous expenditure ii. induced expenditure iii. potential GDP A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
The interest rate is 8 percent. The present value of $110 three years from now equals
A) $101.85. B) $94.31. C) $118.80. D) $128.30.
A put option described as out of the money would find:
A. the market price of the stock is below the strike price. B. the strike price is below the market price of the stock. C. the market price of the stock and the strike price are equal. D. the option has expired.
You should specialize in the production of a good if you have
A. a comparative advantage. B. more human resources than your trading partner. C. an absolute advantage. D. more capital resources than your trading partner.