A rise in the real interest rate
A) shifts the demand for loanable funds curve rightward.
B) shifts the demand for loanable funds curve leftward.
C) creates a movement upward along the demand for loanable funds curve.
D) creates a movement downward along the demand for loanable funds curve.
C
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The financial crisis and recession which began in 2007
A) was only severe in the United States. B) impacted only low-income countries. C) had a global impact. D) impacted only high-income countries.
To serve the public interest, government sometimes promotes competition by breaking up natural monopolies
a. True b. False
If a technological breakthrough reduces input quantities needed to produce some item,
a. cost of production will be increased. b. the price of the product will rise. c. the price of the product will fall. d. quantity demanded of the product will fall.
Externalities always involve the imposition of costs on parties outside an activity or transaction.
Answer the following statement true (T) or false (F)