A decline in bank lending has the most significant effect on
A) small businesses.
B) large businesses.
C) state governments.
D) federal government.
A
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If a country's currency appreciates, the country will experience a ________ in exports and a ________ in imports
A) rise; rise B) fall; fall C) rise; fall D) fall; rise
The distinguishing features of oligopoly are ________ and a ________ in the industry
A) barriers to entry; large number of firms B) no barriers to entry; few firms C) barriers to entry; few firms D) no barriers to entry; large number of firms
The following table depicts both the product and labor markets for imported coffee. What is the total revenue when 15 workers per day are hired?
A) $5,000 B) $6,750 C) $7,350 D) $7,500
Which statement most accurately describes what happens when both supply and demand curves shift?
a. When both curves shift, typically we can determine the overall effect on price and on quantity. b. When both curves shift, typically we can determine the overall effect on price but not on quantity. c. When both curves shift, typically we can determine the overall effect on price or on quantity, but not on both. d. When both curves shift, typically we can determine the overall effect on quantity, but not on price.