Which of the following will cause a decrease in the supply of jeans?
A. A decrease in the demand for jeans.
B. A decrease in the price of jeans.
C. An increase in the wages paid to workers who make jeans.
D. A decrease in the expected future price of jeans.
Answer: C
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Simple interest in calculated on which of the following?
a. Only on the principal amount b. Only on the accumulated interest c. On the principal amount plus the accumulated interest d. Only on the capital gain
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.
Which of the following is NOT a characteristic of oligopoly firms?
A. non-price competition, such as advertising and promotions B. perfectly elastic demand curves C. product differentiation D. strategic dependence
Refer to the figure above. If the yuan is allowed to float, at exchange rates above E yuan per dollar:
A) the excess supply of dollars in exchange for yuan increases the value of the dollar in the foreign exchange market. B) the excess supply of dollars in exchange for yuan lowers the value of the dollar in the foreign exchange market. C) the excess demand for dollars in exchange for yuan lowers the value of the dollar in the foreign exchange market. D) the excess demand for dollars in exchange for yuan increases the value of the dollar in the foreign exchange market.