If the number of automobile manufacturers decreases:
A. the demand for automobiles increases.
B. the demand for automobiles decreases.
C. the supply of automobiles increases.
D. the supply of automobiles decreases.
Answer: D
You might also like to view...
One important role for government as referee is in defining and enforcing property rights.
Answer the following statement true (T) or false (F)
According to new classical economists,
a. deficits should have a large and negative impact on output. b. deficits should have no discernable impact on output. c. deficits will have no impact on private consumption. d. growth in the 1990s was driven by falls in the deficit. e. None of the above
Good Boy Super Treats produces healthy treats for dogs. At its current advertising level, Good Boy Super Treats marginal cost of advertising is $1 million and their marginal benefit is $1 million. Which of the following is true?
A) If the firm increases the amount of advertising, its net profit will increase. B) The firm should increase the amount of advertising to increase its net profit. C) The firm is currently maximizing its net profit. D) If the firm decreases the amount of advertising, its net profit will increase.
The maximum out-of-pocket is the
A. amount of covered expense that an insurance company will have to pay before the individual pays anything. B. percentage of a covered expense that an individual will have to pay (after the deductible is met). C. percentage of a covered expense that an insurance company will have to pay (after the deductible is met). D. most of covered expense that an individual will have to pay during a year.