Inflation increases the use of money as a store of value.
Answer the following statement true (T) or false (F)
False
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After a price floor of $23 is placed on the market in the graph shown:
A. some consumers lose because they pay a higher price.
B. some producers gain because they sell at a higher price.
C. the quantity traded in the market falls.
D. All of these are true.
Suppose that a firm uses both labor (L) and capital (K) as inputs. The firm's long-run production function is Q = F(L,K) = 8?L?K. The firm has _____ units of capital. If the firm uses an efficient production method and hires _____ workers, it can produce _____ units of output.
A. 100; 100; 1,200 B. 100; 225; 800 C. 225; 100; 1,200 D. 225; 225; 1,000
Which of the following would be most likely to contribute to the breakdown of a cartel in a natural resource (e.g., bauxite) market?
a. high prices b. low price elasticity of demand c. high compatibility of member interests d. unequal member ownership of the natural resource
When interpreting bond prices as present values, discuss what factors determine the price of a two-year discount bond. Include in your answer an explanation of how changes in each of these factors affects the price of a two-year discount bond
What will be an ideal response?