Which of the following events would definitely cause a decrease in the equilibrium price of cotton shirts?
a. An increase in the price of wool shirts and a decrease in the price of raw cotton.
b. A decrease in the price of wool shirts and a decrease in the price of raw cotton.
c. An increase in the price of wool shirts and an increase in the price of raw cotton.
d. A decrease in the price of wool shirts and an increase in the price of raw cotton.
b. A decrease in the price of wool shirts and a decrease in the price of raw cotton.
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What are some of the solutions for a hold-up problem?
a. Mergers b. Contracts c. Exchange of ‘hostages' d. All the above
Calculate MPS.
On January 1, 2015, Anna invested $5,000 at 5Â percent interest for one year. The CPI on January 1, 2015 stood at 2.37. On January 1, 2016, the CPI was 2.40. The real rate of interest earned by Anna was ________ percent.
A. 5 B. 9 C. 3.7 D. -5
Which of the following is true in the long run?
What will be an ideal response?