If the number of suppliers in the microcomputer industry increases, what would we expect to happen?
A. The price of microcomputers will rise.
B. Movement along the demand curve will occur.
C. The number of microcomputers sold will fall.
D. The supply curve will shift left.
Answer: B
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If a country changes its corporate tax laws so that domestic businesses build and manage more business in other countries, then the net capital outflow of that country
a. and the net capital outflow of other countries rise. b. rises and the net capital outflow of other countries fall. c. falls and the net capital outflow of other countries rise. d. None of the above are correct.
Investors diversify portfolios:
A. because diversified portfolios pay the highest rates of return. B. because diversified portfolios are guaranteed not to lose money. C. to reduce the risk of losing their investment. D. to guarantee minimum returns on their investment.
An efficient allocation of productive inputs requires that:
a. each output has the same rate of technical substitution among inputs used. b. each output has the same marginal rate of substitution for consumers. c. each pair of outputs has the same rate of product transformation. d. each individual has the same marginal rate of substitution between outputs.
? Assume that Figure 4-4 shows demand for soda. An increase in the price of bottled water will change demand from
A. D1to D2. B. D2to D1. C. D3to D2. D. D3to D1.