When a government fines and/or imprisons convicted drug dealers, it is attempting to reduce the illegal drug trade by shifting the ________ curve for illegal drugs ________
A) demand; rightward
B) demand; leftward
C) supply; rightward
D) supply; leftward
D
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A cash withdrawal reduces deposits, reserves, and excess reserves in the banking system
Indicate whether the statement is true or false
The "invisible hand" described by Adam Smith refers to the
a. allocative role of markets and market forces b. importance of government intervention and central planning c. actions of successful entrepreneurs in directing the economy d. role of monopolized industries in leading the nation e. value of religious belief in creating an ideal economy
The wage premium in the United States has risen consistently starting in
a. 1973. b. 1975. c. 1978. d. 1983.
Vehicle manufacturers start getting lower prices for their trucks. As a result, their willingness to supply ______ is likely to increase.
a. airplanes b. SUVs c. cell phones d. refrigerators