The sale of new stocks by a corporation is one source of investment funds
a. True
b. False
Indicate whether the statement is true or false
True
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In Figure 4-5 above, suppose that real income is YB and the money market is in equilibrium. The interest rate at this point is ________ to support commodity market equilibrium, so that involuntary inventory changes are ________
A) too low, positive B) too low, negative C) just right, zero D) too high, positive E) too high, negative
If price is cut and demand is elastic, total revenue will rise because
A) the change in quantity demanded is greater than the percent change in price. B) the percent change in quantity demanded is greater than the change in price. C) the percent change in quantity demanded is greater than the percent change in price. D) customers can't find substitutes.
Suppose labor supply can be described as ES = 0.1w ? 1000 where w is yearly salary. How many workers are willing to work when the yearly salary is $20,000?
A. 500 B. 1000 C. 200 D. 2000 E. 100
Related to the Economics in Practice on p. 673: Protectionism of the kind that is suggested in the petition of the candle makers would most likely result in
A. lower production cost. B. lower consumption. C. more efficient production. D. lower prices.