Which of the following will tend to occur when a surplus exists in a market?
A) supply will increase and demand will decrease until the surplus disappears.
B) supply will decrease and demand will increase until the surplus disappears.
C) the price will tend to rise over time.
D) the price will tend to decrease over time.
D
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We use interest rates to measure the opportunity cost of holding money
Indicate whether the statement is true or false
If England uses one week's time to produce ten yards of cloth or two barrels of wine and Portugal uses one week's time to produce twelve yards of cloth or six barrels of wine, England has the comparative advantage in both goods
a. True b. False Indicate whether the statement is true or false
Which of the following unemployment types is the major concern of macroeconomics?
a. Structural unemployment b. Cyclical unemployment. c. Underemployment d. None of the above. e. Seasonal unemployment.
What is the present value of $20,000 that will be paid to you in four years if the interest rate is 10%? Work it out to the nearest cent.
What will be an ideal response?