Answer the following questions true (T) or false (F)
1. As the number of firms in a market increases, the supply curve will shift to the right and the equilibrium quantity will rise.
2. If the population increases and input prices decrease, the equilibrium quantity of a product will definitely increase.
3. If the demand for a product increases and the supply of the product does not change, equilibrium price and equilibrium quantity will both increase.
1. TRUE
2. TRUE
3. TRUE
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Some corporate governance experts believe that serving on a company's board of directors for an extended length of time ________that member's independence from the company's CEO
If this is true, it would tend to ________ the principal-agent problem. A) diminishes; increase B) enhances; increase C) has no impact on; increase D) diminishes; decrease
Explain what a proportional tax is and provide an example
What will be an ideal response?
What type of risk behavior does the person exhibit who is willing to pay $5 for the chance to bet $60 on a game where 20% of the time the bet returns $100, and 80% of the time returns $50? Explain
What will be an ideal response?
In the last decade, health care spending in the U.S. nearly doubled
a. True b. False Indicate whether the statement is true or false