Based on the graph showing the effects of an investment tax credit or a technological change, a technological change that increases demand for loanable funds would lead to ______.
a. a shift in the demand curve for loanable funds to the left
b. a shift in the supply curve for loanable funds to the left
c. a decrease in loanable funds from Q2 to Q1
d. an increase in loanable funds from Q1 to Q2
d. an increase in loanable funds from Q1 to Q2
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Which of the following is NOT a benefit of economic growth?
A) reduction in illiteracy B) improved health C) urban congestion D) longer lives
If a chemical factory causes noxious fumes to be emitted in the neighborhood, a third party would be:
a. workers at the factory. b. factory managers. c. chemical customers. d. local homeowners. e. owners of the factory.
An institution through which buyers and sellers interact and engage in exchange is
A. "laissez-faire." B. a market. C. a production frontier. D. a central authority.
A firm produces 200 units of a good when it employs 7 workers. The marginal product of the eighth worker is 46 units. If the eighth worker is hired, the firm's total product will increase to:
A) 208 units. B) 228 units. C) 246 units. D) 322 units.