An automobile manufacturer decides to increase its retained earnings. Assuming all else equal, this will cause:
A) a downward movement along the current credit supply curve of the firm.
B) the current credit supply curve of the firm to shift to the left.
C) the current credit supply curve of the firm to shift to the right.
D) an upward movement along the current credit supply curve of the firm.
C
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What is the difference between a production possibilities curve and a consumption possibilities curve?
What will be an ideal response?
A decrease in the price of eggs from $1.50 to $1.30 per dozen resulted in an increase in egg purchases in two cities
In Philadelphia, daily egg purchases increased from 6000 to 8000 dozens; in nearby Dover, Delaware, daily egg purchases increased from 300 to 400 dozens. The price elasticity of demand is therefore A) lower in the smaller city as would be expected. B) greater in the smaller city as would be expected. C) certainly affected by population differences in different markets. D) the same in Philadelphia as in Dover.
The most important feature of the Single European Act of 1986, which amended the founding Treaty of Rome, was dropping the requirement of
A) unanimous consent for measures related to market completion and making it a decision that only Germany and France agreed about. B) unanimous consent for measures related to market completion. C) majority consent for measures related to market completion and making it a decision that only Germany and France agreed about. D) unanimous consent for measures related to agricultural policies only. E) unanimous consent for measures related only to fiscal policies.
One reason Henry Ford is famous was for instituting:
A. assembly lines in an effort to reduce worker turnover. B. efficiency wages in an effort to reduce worker absenteeism. C. minimum wages in an effort to increase productivity. D. unemployment benefits in response to the first unionized workers.