The demand for money curve depicts
A. a direct relationship between the quantity of money demanded and the interest rate.
B. an inverse relationship between the quantity of money demanded and the interest rate.
C. an inverse relationship between the quantity of money demanded and the quantity of bonds demanded.
D. a direct relationship between the quantity of money demanded and the quantity of bonds demanded.
Answer: B
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If the real interest rate rises, people
A) save more. B) save less. C) earn a higher real wage rate. D) decrease their expected future income.
Predatory dumping is the practice of
a. rejecting imports b. persistently selling a good in another country for a price lower than the world price c. persistently selling a good in another country for a price lower than the domestic price d. temporarily selling a good in another country for a price lower than the world price to drive out competing producers e. temporarily selling a good in another country for a price lower than the domestic price to drive out competing producers
An increase in the demand for a good means that
a. the demand curve has shifted to the left. b. the good's price has fallen and, as a result, consumers are buying more of the good. c. the good has become scarce. d. consumers are willing to purchase more of the good at each possible price.
Economies of scale are created by greater efficiency of capital and by:
A. longer chains of command in management. B. better wages for labor. C. smaller plant sizes. D. increased specialization of labor.