Which of the following factors will lead to a decrease in the current supply of a good?
A. A technological advance that decreases production costs
B. A fall in the current price of a good or service
C. A decrease in the price of inputs to the production process
D. A belief that the price of a good or service will go up in the future
Answer: D
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Tacit collusion occurs in industries that
a. are monopolistically competitive b. contain price leaders c. experience rapid technological change d. are regulated e. produce very differentiated products
Which of the following is not included in Nation A's financial account?
a. Foreign deposits of funds in savings accounts in Nation A. b. Purchases and sales of legal and accounting creations. c. Foreign purchases of Nation A's Treasury bills. d. All the above.
The economy has an annual inflation rate of 3.5%. It will take approximately how many years for the price level to double?
A. 28 years B. 21 years C. 10 years D. 35 years
Small loans to entrepreneurs and small business owners in DVCs are referred to as:
A. human capital development projects. B. microfinance. C. capital flight promotion systems. D. incubator lending.