Another term for factors of production is
a. inputs.
b. output.
c. goods.
d. services.
a
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Which of the following indicates that the law of supply applies to makers of soda?
A) An increase in the price of a soda leads to an increase in the quantity of soda supplied. B) An increase in the price of a soda leads to an increase in the supply of soda. C) An increase in the price of a soda leads to an increase in the demand for soda. D) A decrease in the price of a soda leads to an increase in the quantity of soda demanded. E) A decrease in the price of a soda leads to an increase in the supply of soda.
Which of the following will NOT result from an unsterilized intervention in which the central bank sells foreign assets to purchase domestic currency?
A) Domestic interest rates will rise. B) The foreign-exchange value of the domestic currency will rise. C) The central bank will experience a decrease in international reserves. D) The domestic money supply will rise.
A property tax discourages improvements that would increase the value of the property
a. True b. False
If diminishing marginal returns is in effect
A) marginal costs fall. B) marginal costs rise. C) average costs fall. D) average revenue is constant.