When there is a decrease in demand, there is a(n) ______ shift in the demand curve.
a. upward
b. downward
c. leftward
d. rightward
c. leftward
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According to the textbook, the Manning study suggests that a large share of the increase in medical expenditures since World War II has been caused by:
A. the increase in first-dollar medical insurance. B. the increase in high-deductible policies. C. advances in medical technology. D. the annual stipend given to the poor to defray medical expenses.
All of the following statements about the United States are true EXCEPT:
A) The largest imports are services like royalties, license fees, and financial services, and the largest exports are goods like crude oil, automobiles, and clothing. B) The United States is the world's largest international trader. C) The United States imports more than it exports. D) Services account for a larger portion of U.S. exports than U.S. imports. E) Imports are a larger percentage of total expenditure than exports are a percentage of total production.
A portfolio manager for a property and casualty insurance company who anticipates a recession is likely to shift the company's portfolio into
A) short-term securities. B) preferred stock. C) common stock. D) long-term corporate bonds.
The cost of capital can be thought of as the rate of return required by investors in the firm's securities
a. true b. false