An increase in interest rates is likely to cause
A) firms and households to increase the quantity of money demanded.
B) firms and households to decrease the quantity of money demanded.
C) the money demand curve to shift to the right.
D) the money demand curve to shift to the left.
Ans: B) firms and households to decrease the quantity of money demanded.
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Which of the following correctly identifies an argument against globalization?
A) Globalization limits the bundle of goods and services available in smaller countries. B) Globalization leads to an exploitation of developed countries. C) Globalization can lead to a loss of indigenous culture and tradition. D) Globalization works against free trade.
Consider the monopolist depicted in the figure above. When it maximizes its profit, a single-price monopolist sets a price of ________ per unit
A) $4 B) $7 C) $9 D) $11
Which of the following may yield economies of team production for Jitters Coffee Company, Inc?
A) dividing the process of packaging and shipping coffee into several specialized tasks, each performed by different people B) expanding into a larger coffee packaging plant C) expanding into the packaging and sale of tea and powdered chocolate D) all of the above
To increase total revenue, firms with ________ demand should lower price, and firms with ________ demand should increase price.
A. elastic; unit B. elastic; inelastic C. unit; inelastic D. inelastic; elastic