Usury laws interfere with the automatic workings of the market mechanism
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to the figure above. What is the domestic price of calculators in Barylia?
A) $10 B) $30 C) $40 D) $50
Suppose the firms in a monopolistically competitive market are earning positive economic profits. What will happen to move the market to its long-run equilibrium?
A) The firms' demand curves will become less elastic. B) The demand curves faced by firms in the market will shift to the right. C) More close substitutes will appear in the market. D) Some firms will exit the market if they can't cover all of their fixed and variable costs.
A secondary market is one in which
A) new securities are issued. B) financial intermediaries make loans. C) savers place funds in financial intermediaries. D) existing securities can be bought and sold.
A competitive firm produces notebooks which sell in the market at $2 each. The firm hires 40 workers. If the market price of the notebooks increases to $3.5 each, which of the following statements is true?
a. The firm's labor demand curve will become flatter. b. The firm's labor demand curve will shift outward parallel to itself. c. The firm's labor demand curve will shift outward parallel to itself. d. The firm's labor demand curve will become steeper.