Which of the following best represents the effect of an increase in investment?
A.
Moving from point a to point b
B.
Moving from point d to point c
C.
Moving from point a to point c
D.
Moving from point b to point d
D.
Moving from point b to point d
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A decrease in households' disposable income ________ saving supply, and the supply of loanable funds curve ________
A) increases; shifts rightward B) decreases; shifts leftward C) increases; shifts leftward D) does not change; does not shift E) decreases; shifts rightward
The fees physicians charge patients are most closely related to the physicians' cost of
A) acquiring a medical degree. B) earning a target income. C) maintaining their practice. D) spending time with patients.
In the above table, if the marginal factor cost is $48, how many workers would be hired?
A) 3 B) 4 C) 5 D) 6
Critics of advertising argue that it:
a. lowers price by increasing competition. b. results in more variety of products. c. establishes brand loyalty, which promotes competition. d. serves as a barrier to entry for new firms.