An upward-sloping supply curve shows that:
a. buyers are willing to pay more for particularly scarce products
b. suppliers expand production as the product price falls.
c. suppliers are willing to increase production of their goods if they receive higher prices for them.
d. buyers are willing to buy more as the product price falls.
e. buyers are not affected either directly or indirectly by the sellers' costs of production.
c
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Your neighbor's 10-year old son has come to your house to collect money for a relief fund to benefit hurricane victims
You were initially unwilling to contribute but agreed to give when you discovered that he had already collected money from all your neighbors. This is an example of ________. A) pure altruism B) impure altruism C) liberalism D) rationalism
The fact that consumers often react more to changes in the posted price of a good as compared to changes in the sales tax that is not posted is an example of
A) salience. B) salinity. C) stupidity. D) rational ignorance.
In the above figure, the marginal revenue product is represented by line
A) "a." B) "b." C) "c." D) "d."
Assume that the central bank lowers the discount to increase the nation's monetary base. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and reserve-related (central bank) transactions in the context of the Three-Sector-Model? State your answer after the macroeconomic system returns to complete
equilibrium. a. The real risk-free interest rate remains the same and reserve-related (central bank) transactions become more positive (or less negative). b. The real risk-free interest rate falls and reserve-related (central bank) transactions become more negative (or less positive). c. The real risk-free interest rate falls and reserve-related (central bank) transactions remain the same. d. The real risk-free interest rate and reserve-related (central bank) transactions remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.