If the demand increases in a perfectly competitive market, the price will:
A. temporarily increase.
B. increase permanently.
C. temporarily decrease.
D. decrease permanently.
A. temporarily increase.
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How is economic growth shown by the production possibilities curve?
A) by shifting the curve to the right B) by moving the curve to the left C) by moving up the existing curve D) by changing the shape of the curve from a straight line to one that is bowed
In the distribution of corporate profits, which of the following groups has first preference?
a. common stockholders b. preferred stockholders c. board of directors d. bond holders e. convertible stock holders
According to the text, which of the following best describes the process the FCC used to allocate spectrum licenses to telecommunications providers?
A. Licenses were auctioned one at a time, to the highest bidder. B. Licenses were first sold to telecommunications providers that already had contracts with the government. C. All licenses were auctioned off at the same time. D. The government charged the same price for each license.
Consider a manufacturing operation that uses specialized machinery and labor to produce its output. In this case, the input that is not fixed in the short run is labor
Indicate whether the statement is true or false