The actions of borrowers and lenders are coordinated by
a. the interest rate in the loanable funds market.
b. the government in the resources market.
c. businesses in the resources market.
d. the interest rate in the goods and services market.
A
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Refer to the figure above. What is the domestic demand for calculators in Barylia, once the economy opens up to free trade?
A) 20 units B) 50 units C) 60 units D) 100 units
Suppose Factory A emits 15,000 units of "Yuck" monthly, Factory B emits 30,000 units, and Factory C emits 45,000 units. Also suppose A's cost of reducing the emission is $1 per unit, B's cost is $2 per unit, and C's cost is $3 per unit
If the EPA prohibits any factory from emitting more than 15,000 units of yuck per month, what would be the total cleanup cost? A) $15,000 B) $40,000 C) $45,000 D) $90,000 E) $120,000
If consumers expect future prices to be higher
A. they substitute current purchases for future purchases of perishable products. B. the demand for automobiles today will not change. C. the position of the demand will not change. D. stockpiling will happen when products are durable in nature.
Suppose firms in a collusive oligopoly decide to establish their prices at a level that discourages new rivals from entering the industry. This is called:
A. mutual interdependence. B. pricing the demand curve. C. limit pricing. D. price leadership.