When economists say the quantity supplied of a product has increased, they mean the:
a. supply curve has shifted to the left.
b. supply curve has shifted to the right.
c. price of the product has risen, and consequently, suppliers are producing more of it.
d. price of the product has fallen, and consequently, suppliers are producing less of it.
c
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In recent years, bank regulatory authorities have
A) encouraged banks to enter the insurance field. B) discouraged banks from entering the insurance field. C) asked Congress to write new legislation that would make it illegal for banks to enter the insurance field. D) asked Congress to write new legislation that would make it legal for banks to enter the insurance field.
Futures contracts are marked-to-market
A) every day. B) every week. C) every month. D) every quarter.
The following are the sales achieved by Jensen Fabrics during the last 7 years:
2007 $116,000 2008 124,000 2009 127,000 2010 146,000 2011 155,000 2012 154,000 2013 162,000 Using the compound growth rate calculation, what would be your estimate for sales in 2014?
The Jordanian government might consider devaluing its currency (the dinar)
a. if domestic inflation is high b. if Jordan has a large trade deficit c. if Jordan has achieved full employment d. if the dollar is appreciated e. if Jordan has a large trade surplus