Innovation and incentives to come up with new products and production methods are stifled in larger markets.
Answer the following statement true (T) or false (F)
False
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Assume an individual is considering opening a new car dealership in a medium-sized metropolitan area (population = 200,000 )
Provide a list of economic variables you would recommend that the person consider in making his decision whether to open the business, and explain your rationale for including each variable.
If a country experiences a negative growth rate in real GDP, it means:
A. people are producing less than they did the year before. B. the economy is shrinking. C. there are less goods to allocate in the economy than before. D. All of these statements are true.
Other things constant, a decrease in the price of fertilizer will: a. increase the supply of wheat
b. decrease the supply of wheat. c. increase the demand for wheat. d. decrease the demand for wheat.
Which of the following does not increase (i.e., shift) the supply curve of real loanable funds?
a. Open market purchases of government securities by the central bank. b. A decrease in the discount rate. c. A decrease in the reserve ratio by the central bank. d. An increase in the preferred asset ratio for currency in circulation (C/D), due to a shift in household preferences. e. All of the above increase the supply.