An increase in the interest rate will ________.
A. cause a move down along the money supply curve
B. cause a move up along the money supply curve
C. shift the money supply curve to the left
D. shift the money supply curve to the right
Answer: B
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In the above figure, CBL is the cost of breaking the law. If it is illegal to buy and sell, then the price per unit will be
A) $500. B) $400. C) $300. D) $200.
Conditional sales all involve the ________ relationship between ________.
A) horizontal; two buyers B) vertical; a seller and a buyer C) vertical; two sellers D) horizontal; a seller and a buyer
Other things being equal, a fall in the price of orange juice will decrease the quantity supplied
a. True b. False Indicate whether the statement is true or false
An increase in wages can cause a relatively big decrease in employment when
a. product demand is inelastic b. labor demand is elastic c. there is a closed shop d. the MRP curve is inelastic e. the MRP curve shifts to the right