A leftward shift of a product supply curve might be caused by:
A. an improvement in the relevant technique of production.
B. a decline in the prices of needed inputs.
C. an increase in consumer incomes.
D. some firms leaving an industry.
Answer: D
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Scarcity raises both price and marginal utility but generally reduces total utility.
Answer the following statement true (T) or false (F)
It was illegal for Microsoft to contract with computer manufacturers to pay for Microsoft operating systems for all the computers they produced, rather than paying for only the computers on which Microsoft operating systems were installed
Indicate whether the statement is true or false
If the Federal Reserve wants to increase the availability of money and credit, it can
a. lower the discount rate. b. raise the reserve requirements. c. sell government bonds to the public. d. encourage banks to increase their prime lending rate.
Which of the following statements is most correct for U.S. commercial banks?
A. Net interest margin is closely related to the return on assets. B. Net interest margin is about equal to return on equity. C. Net interest margin is much larger than return on equity. D. Net interest margin averages about two times the return on equity.