Which of the following will reduce the supply of motorcycles?
A. An increase in the population age 16 to 35, the primary consumers of motorcycles.
B. An increase in taxes imposed on motorcycle producers.
C. A technological improvement reducing the production costs of motorcycles.
D. A government study that reveals motorcycle riders, on average, live 10 years longer than those who don't ride motorcycles.
Answer: B
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Common stocks are ____ risky for the issuing corporation and ____ risky for the corporation’s stockholders, compared to other financial assets, such as bonds.
A. unusually; unusually B. less; more C. more; less D. very; not
This table shows price and quantity produced for a single firm in a perfectly competitive market.PriceQuantity$1023$1024$1025$1026Given the information in the table shown, what is the market price?
A. $2 B. $20 C. $260 D. $10
Exhibit 3-4 Supply curves
In Exhibit 3-4, a shift in the supply curve from S1 to S2 represents a(n):
A. decrease in supply. B. decrease in the quantity supplied. C. increase in supply. D. increase in the quantity supplied.
The price system has
A. prices fixed by the government. B. prices fixed by the seller. C. prices fixed by the producer. D. voluntary exchange.