When considering the change to the money demand curve, if the interest rate rises, the quantity demanded is:
A. lower, moving leftward along the money demand curve.
B. higher, moving leftward along the money demand curve.
C. lower, moving rightward along the money demand curve.
D. higher, moving rightward along the money demand curve.
A. lower, moving leftward along the money demand curve.
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The graph illustrates the market for computers. If the number of buyers of computers increases and technology advances, you predict that the
A) equilibrium price of a computer will fall. B) equilibrium quantity of computers might increase, decrease, or not change. C) equilibrium price of a computer will rise. D) equilibrium quantity of computers will decrease. E) equilibrium quantity of computers will increase.
Which of the following would be likely to change the relative efficiency of trucks versus trains in carrying freight?
A) Higher wages for truck drivers B) More powerful locomotives C) Tolls on interstate highways D) All of the above.
During 1990–2003, as a percentage of total resource flows to developing countries, the share of official flows has
(a) remained relatively constant. (b) increased by a relatively small percentage. (c) increased by a relatively large percentage. (d) decreased by a relatively small percentage. (e) decreased by a relatively large percentage.
If government decides not to charge for access to a highly demanded highway, which of the following is most likely to happen?
a. Government will keep capacity the same. b. Government increase capacity to reduce congestion. c. Government will encourage telecommuting. d. Government will produce an inefficient level of highways to maximize social welfare.