The relationship between price and quantity supplied after firms fully adjust to any short-term economic profit or loss resulting from a change in demand is illustrated by the
a. long-run industry supply curve
b. Dutch auction model
c. short-run firm supply curve
d. constant-cost industry supply curve
e. short-run industry supply curve
A
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Suppose the government cracks down on illegal immigration. How will this affect the demand and supply of labor
What will be an ideal response?
What does the production possibilities frontier imply about the resource allocation?
A. Only some points on the curve are efficient. B. All points on the curve are equally efficient. C. A point that lies below the curve is more efficient. D. A point that lies above the curve is readily achievable.
Index funds
a. typically have a higher rate of return and higher costs than managed mutual funds. b. typically have a higher rate of return and lower costs than managed mutual funds. c. typically have a lower rate of return and higher costs than managed mutual funds. d. typically have a lower rate of return and lower costs than managed mutual funds.
A person buys a bond with a face value of $10,000 for $9,325. Each year until the maturity date the bond buyer receives a coupon payment of $650 from the issuer of the bond. The coupon rate on the bond is
A) 9.11 percent. B) 6.5 percent. C) 7.0 percent. D) 6.75 percent.