A reduction in the market price of the product is least likely to be required to enable
A. a single Midwestern grain farmer to sell a larger harvest of grain.
B. Verizon to increase its number of cellular telephone service subscribers.
C. Apple to sell more of its iPhones.
D. Microsoft to sell more copies of Windows.
Answer: A
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An important type of information asymmetry is:
A. adverse selection. B. ethical constraint. C. advantage imbalance. D. information hazard.
Which of the following persons would be considered unemployed?
a. A house wife b. A 15-year-old looking for summer employment c. A person who worked more than 20 hours in a family-owned business d. A recent college graduate looking for her first job e. A full-time student
The elasticity of demand for salt is: a. highly elastic
b. highly inelastic. c. equal to zero. d. infinitely elastic.
The introduction of no-load stock and bond mutual funds has made investing in stocks and bonds increasingly attractive to even the small investor. If, as a result, a large amount of money were shifted from money-market deposit funds to these stock and bond funds, how would the M1 and M2 money supply figures be affected?
a. The M2 money supply would decline; M1 would be unaffected. b. The M2 money supply would increase; M1 would be unaffected. c. The M2 money supply would increase; M1 would decline. d. Both the M1 and M2 money supply figures would increase.