If the number of automobile manufacturers decreases:
A. the demand for automobiles increases.
B. the demand for automobiles decreases.
C. the supply of automobiles increases.
D. the supply of automobiles decreases.
Answer: D
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Supplemental Security Income (SSI) is a type of
a. in-kind transfer. b. minimum wage law. c. private charity. d. welfare payment.
If the public decides to hold more currency and fewer deposits in banks, bank reserves
a. decrease and the money supply eventually decreases. b. decrease but the money supply does not change. c. increase and the money supply eventually increases. d. increase but the money supply does not change.
Banks primarily make a profit by ______.
a. charging their borrowers more interest than they give their depositors b. paying a portion of customer deposits for claims, and keeping the rest c. earning a commission from each sale of stock they make d. charging fees each time they facilitate an exchange
David Ricardo's assumption for economic rents for land was based on
A. the supply of land being a fixed quantity. B. total government control of land. C. a shortage of land. D. a surplus of land.