According to the law of supply, when the price of computer microprocessors rises Question 1 options:
A. the quantity of microprocessors produced increases.
B. the number of sellers of microprocessors increases.
C. the supply of microprocessors increases.
D. the quantity of microprocessors produced decreases.
E. computers become cheaper to purchase.
A. the quantity of microprocessors produced increases.
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Which of the following firms best fits the definition of a monopoly?
A. General Motors B. Exxon Mobil C. Local electric utility D. AT&T
The net flow of financial assets and similar claims is the private current account balance.
Answer the following statement true (T) or false (F)
What happens as the result of a shortage?
A. There is downward pressure on prices. B. There is upward pressure on prices. C. Supply of the good decreases. D. Consumers begin to view the good as an inferior good because they have a hard time finding it.
Other things equal, the greater the degree of complementarity between potential immigrants and native-born workers, the:
A. lower the optimal quantity of immigrants. B. lower the marginal benefit of additional immigrants. C. greater the marginal cost of additional immigrants. D. greater the optimal quantity of immigrants.