Higher steel prices will result in a shift in the supply curve of bicycles, and this will lead to
A. higher prices for bicycles.
B. lower prices for bicycles.
C. a shift in the demand curve for bicycles.
D. a larger output of bicycles.
E. no impact on the price of bicycles.
Answer: A
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If the Fed increases the discount rate,
A) commercial banks pay a higher interest rate if they borrow from the Fed. B) commercial banks find it more profitable to increase their loans to businesses. C) commercial banks increase their lending to the Fed. D) commercial banks' assets increase. E) commercial banks pay a lower interest rate if they borrow from the Fed.
Which of the following is the most open economy?
a. Germany b. the Netherlands c. the United States d. Japan e. Canada
Matt observes that "there is a high correlation between educational attainment and the level of income." Jean concurs and adds that "high school graduates should all proceed to college."
A. Both Matt's and Jean's statements are positive B. Both Matt's and Jean's statements are normative C. Matt's statement is normative while Jean's statement is positive D. Matt's statement is positive while Jean's statement is normative
How does increased household borrowing affect present and future consumption?
What will be an ideal response?