Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for bicycle helmets. Which panel best describes what happens in this market if there is a substantial increase in the price of bicycles?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
D
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IPOs have become very important in the U.S. economy because they are a major source of financing for
A) so-called "blue-chip" companies. B) hedge funds. C) internet companies. D) mutual funds.
Unions have found it particularly difficult to organize workers in service-based industries. Why?
In an uncertain world, private investors
a. always make decisions that lead to economic profit. b. never make decisions that generate economic losses. c. sometimes make decisions that lead to economic losses. d. rarely invest in human capital.
A country with a fixed exchange rate faces:
a. no monetary policy constraints in the long run. b. no monetary policy constraints in the short run. c. no monetary policy constraints in the long run and the short run. d. monetary policy constraints in the long run and the short run