Interest is the reward offered to households to encourage current consumption because they value future consumption more than current consumption
Indicate whether the statement is true or false
false
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Which of the following indicates a high degree of competition?
A) A HHI that is between 1,800 and 2,800. B) A HHI that exceeds 2,800. C) A concentration ratio that is less than 40 percent. D) A concentration ratio that is greater than 60 percent.
The change in total cost from producing another unit of output equals the
A) average total cost. B) variable cost. C) average variable cost. D) marginal cost.
Which of these demonstrates a negative real shock causing a negative demand shock?
A. Fear among businesses causes them to lay off workers, who eventually return to work at lower wages. B. Bad news, like rising oil prices, causes investors to make more new investments, seeking greater profit opportunities. C. Bad news, like rising oil prices, causes people to become pessimistic and to cut back on their spending. D. Fear among businesses causes them to lay off workers, who lose their skills and become permanently less productive.
Which of the following would not move either the supply or the demand curve in the market for housing?
A. An increase in the cost of home insurance B. An increase in the number of people who are retiring C. An increase in real-estate prices D. A possibility of higher construction costs