Suppose bad weather in Florida unexpectedly results in a much smaller citrus crop than had been projected. The reduction in the supply of Florida citrus fruit would tend to
A) shift the supply curve for Florida citrus fruit down and to the right.
B) increase the price of Florida citrus fruit.
C) increase the supply of California citrus fruit.
D) decrease the price of California citrus fruit.
B
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For a given return on assets, the lower is bank capital
A) the lower is the return for the owners of the bank. B) the higher is the return for the owners of the bank. C) the lower is the credit risk for the owners of the bank. D) the lower the possibility of bank failure.
The price system takes into account consumer preferences in the distribution of goods and services
a. True b. False Indicate whether the statement is true or false
The source of hyperinflations is primarily
a. lower output growth. b. continuing declines in velocity. c. increases in money-supply growth. d. continuing increases in money demand.
What is Italy's opportunity cost of producing 5 pairs of shoes?
