Higher future living standards require:
A. reduced rates of current consumption.
B. increased rates of current consumption.
C. increased rates of population growth.
D. reduced rates of current investment.
Answer: A
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A new fertilizer which greatly improves the corn crop yield is being widely used by corn farmers. You accurately predict that this
A. will shift the supply curve of corn to the left, the equilibrium price of corn will increase, and the demand for corn will fall. B. will shift the supply curve of corn to the right, the equilibrium price of corn will increase, and the demand for corn will fall. C. will shift the supply curve of corn to the right, the equilibrium price of corn will decrease, and the quantity demanded of corn will increase. D. will shift the supply curve of corn to the left, the equilibrium price of corn will increase, and the quantity demanded of corn will decrease.
In a market economy, decisions about what to produce are made primarily by
a. the government. b. individuals and firms. c. firms in consultation with the government. d. a central planning committee.
Suppose the government of New Country has fixed the value of its currency, the New Peso, at $1 per New Peso, but the market equilibrium value of the New Peso is $0.50 per New Peso. In order to maintain the official value of the New Peso the Central Bank of New Country must either ________ domestic interest rates, or ________the supply of international reserves by purchasing New Pesos
A. lower; decrease B. raise; decrease C. raise; increase D. lower; increase
How can performance-based incentives help companies facing moral hazard?
What will be an ideal response?