If demand increases while supply simultaneously decreases, then the equilibrium quantity
A) always increases.
B) always decreases.
C) can never change.
D) none of the above
Answer: D
Economics
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Increase in the real interest rate will ________ the expenditure curve:
A) decrease. B) increase. C) not change. D) none of the above.
Economics
The opportunity cost of studying for an economics test is
A. Zero because you knew when you registered for the class that studying would be required. B. Negative because it may improve your grade. C. The money you spent on tuition for the class. D. The activity that is the best alternative use of your time.
Economics
A school bus is an example of
a. a stationary source c. a nonpoint source b. a mobile source d. none of the above
Economics
Explain what is meant by the phrase a bank's "balancing act."
What will be an ideal response?
Economics