According to the law of supply, when the price of a good increases we would predict that:
a. less will be produced
b. less will be consumed.
c. more will be produced.
d. more will be consumed.
c
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Which of the currencies below does not serve a role as an international reserve currency?
A) European euro B) Japanese yen C) U.S. dollar D) Mexican peso
Suppose that a large and a small wind turbine have similar installation, operating, and maintenance costs, but a large turbine has four times the generating capacity but costs less than three times as much as a small turbine. The average cost of generating electricity with wind is:
A. constant at each output. B. increasing as output increases. C. decreasing as output increases. D. at first decreasing and then increasing as output rises.
What are the main features of the Sherman Act?
What will be an ideal response?
In the aftermath of the Great Recession
A. deflation concerns have subsided in the U.S, Japan, and Europe. B. the U.S., Japan, and Europe are all experiencing deflation. C. the deflation of the early 2000s has been reversed. D. policymakers in the U.S., Japan, and Europe are working hard to avoid deflation.