A raise in the price of a product causes _____.
(A) A decrease in supply.
(B) An increase in demand.
(C) A decrease in competition.
(D) An increase in competition.
Ans: (D) An increase in competition.
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The presence of navigable rivers and fertile soil is seen as a source of economic prosperity under the:
A) location hypothesis. B) geography hypothesis. C) culture hypothesis. D) institutions hypothesis.
How does a rise in the foreign exchange rate affect aggregate demand in the United States? Explain your answer
What will be an ideal response?
The most accurate quantitative time measure is:
a. Self-report or diary method b. Recall method c. Observation method d. A combination of all of the above methods to allow for cross checks.
In a secondary loan market, _____
a. loans are made to the borrowers b. loans are sold to other banks or financial institutions c. the rate of interest is higher than a primary loan market d. the rate of interest is lower than a primary loan market