If two firms produce the same product but have different supply curves,
A) this would indicate that some other variable differs across the two firms.
B) this would indicate that all variables are the same across the two firms.
C) this would indicate that one or both of the firm's managers are misinformed.
D) this would indicate a need for government regulation.
A
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The supply of loanable funds schedule shows that the
A) higher the real interest rate, the more the supply of loanable funds curve shifts rightward. B) higher the real interest rate, the greater the quantity of loanable funds supplied. C) higher the real interest rate, the greater the opportunity cost of supplying loanable funds. D) higher the real interest rate, the lower the profit from making new investment. E) lower the real interest rate, the greater the quantity of loanable funds supplied.
English common law is particularly effective because ________
A) it was derived from the Napoleonic codes of the period of industrialization B) it is the only system that provides protection for personal property rights C) it is able to evolve over time D) of the diverse character of the British Empire
An important failure of the "new economics" of the 1960s was its ________ monetary policy and its ability if made ________ to offset a tighter fiscal policy
A) denigration of, tighter B) denigration of, easier C) overemphasis on, tighter D) overemphasis on, easier
The isoquants for inputs that are perfect complements for one another consist of a series of:
a. right angles b. parallel lines c. concentric circles d. right triangles e. none of the above