If farmers withhold some of their current corn harvest from the market because they anticipate a higher price of corn in the near future, then this would cause a(n):
A. Rightward shift in the current supply of corn
B. Movement up along the current supply curve of corn
C. Leftward shift in the current supply of corn
D. Movement down along the current supply curve of corn
Answer: C
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The principal innovation that increases the safety of bank deposits is
A. computerized accounting systems. B. credit cards. C. automatic teller machines. D. deposit insurance.
Which of the following categories accounted for the largest percentage of total federal government expenditures in recent years?
A. income security B. national defense C. education and health D. interest on the national debt
Which of the following is an example of fiscal policy?
A. a reduction in the money supply. B. a reduction in the federal funds rate. C. a reduction in lump-sum taxes. D. an increase in the government deficit due to more military spending in wartime.
The monopolist's input demand curve is the
A. marginal physical product curve. B. marginal factor cost. C. marginal revenue curve. D. marginal revenue product curve.