A demand curve is a graphical representation of
A) consumer tastes.
B) national income.
C) the demand schedule.
D) relative prices.
C
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Under which of the following market conditions is it most difficult to maintain a cartel agreement?
a. There are many firms in the industry and these firms have similar costs. b. There are many firms in the industry and these firms have different costs. c. There are few firms in the industry and these firms have similar costs. d. There are few firms in the industry and these firms have different costs.
In the short run, an increase in the money supply is likely to lead to ______ inflation and ______ unemployment
Fill in the blank(s) with correct word
The primary function of central banks is to:
A. increase risk and volatility to increase compensation. B. increase the uncertainty that firms face in making investment decisions. C. eliminate the need for banks to collect financial information. D. control inflation, as well as help reduce the size and frequency of business cycle fluctuations.
Each of the following statements about capital are correct EXCEPT
A. Capital is a "man"-made good used to produce other goods and services. B. Japan has more capital than any other country in the world. C. Office buildings and shopping malls are examples of capital. D. Capital is considered a passive resource.