A rise in the price level prompts an increase in the demand for credit. This is relevant to the __________ effect
A) international trade
B) real balance
C) aggregate demand
D) interest rate
E) b and c
D
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In 2012, Canadian farmers did not suffer from drought conditions that affected the United States, but they did enjoy the higher corn prices. Canadian farmers reacted to the higher price by planting more corn
Suppose that the price of corn increased by 30 percent and the Canadian farmers increased the quantity of corn they supply by 20 percent. The supply of corn is A) perfectly inelastic. B) unit elastic. C) elastic. D) inelastic.
Refer to Table 2-4. What is Jack's opportunity cost of mowing a lawn?
A) one-half of a garden cultivated B) two lawns mowed C) two-thirds of a garden cultivated D) one and a half lawns mowed
If inventories are being depleted, firms may respond by cutting prices
a. True b. False Indicate whether the statement is true or false
The added return an investor needs to compensate for the risks of future payments is called a(n)
A. internal rate of return. B. present discounted value. C. risk premium. D. marginal risk product.