All else equal, when oil prices decrease, some economical sources of oil tend to become less economical, and this will ________ proven reserves of oil and ________ the number of years it will take to deplete the stock of oil
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
D
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Stockholders receive returns on their financial investment in the form of ________ and ________.
A. coupon payments; capital gains B. interest payments; dividends C. capital gains; interest payments D. capital gains; dividends
Suppose local educators argue that teachers' salaries are too low. At the same time it is said that the school district received 750 applications for 5 new openings. Are salaries too low? Explain
What will be an ideal response?
When the economy experiences a permanent supply side shock that shifts the long-run aggregate supply to the right, the short run aggregate supply curve will:
A. instantly shift left with the long-run aggregate supply to the new long-run equilibrium. B. begin by shifting left initially, and then be pulled right by the long-run aggregate supply over time. C. gradually shift right until it reaches long-run aggregate supply and the new long-run equilibrium. D. None of these is true.
Suppose that there is only one seller in the computer industry. If the demand curve that the only seller in the industry faces is a straight-line, downward-sloping curve, at which point would the seller's total revenue be maximized?
A. at the highest point on the demand curve, where price is the highest B. at a point high on the demand curve, where elasticity is elastic C. at the midpoint of the demand curve, where elasticity is unitary D. at a point low on the demand curve, but not at the very bottom