Which of the following relationships reflect the law of supply?
a. an increase in QS => a decrease in Price
b. a decrease in Price => an increase in supply
c. an increase in Price => an increase in QS
d. a decrease in Price => an increase in QS
c
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When a corporation wishes to sell new securities, it usually employs
A) a takeover specialist. B) a finance company. C) an investment bank. D) a commercial bank.
When the government intervenes in markets with bystanders, why does it do so?
a) to protect the interests of bystanders b) to make certain all benefits are received by market participants c) to better coordinate the actions of buyers and sellers d) to increase production when negative externalities are present
If two nations both peg to a center nation, and one devalues its exchange rate against the other partner (cooperatively) and to the center as a result of a demand shock, what is the effect?
A) The center nation will require that the two line up their rates. B) The devaluing nation will see an increase in demand while the other partner sees a decrease (thus sharing the impact of the demand shock). C) The devaluing nation will see a larger increase in demand while its partner will suffer more (thus favoring the devaluing nation). D) Both nations will suffer more because the center nation will match the devaluation, thus negating the effect.
The legislation which made it illegal to engage in practices that resulted in the restraint of trade was the:
A. Sherman Act. B. Clayton Act. C. Robinson-Patman Act. D. Celler-Kefauver Act.