When the supply of money rises, interest rates _____.
Fill in the blank(s) with the appropriate word(s).
fall
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Which of the following is NOT a normative standard for income distribution?
A) the productivity standard B) the egalitarian principle C) rewarding people according to merit D) All of the above are normative standards.
Why is our ability limited in using economic fundamentals to predict exchange-rate movements for short periods into the future? Why is there some success in predicting exchange rates in the long run?
What will be an ideal response?
At a product's equilibrium price
A) anyone who needs the product will be able to buy the product, regardless of ability to pay. B) the federal government will provide the product to anyone who cannot afford it. C) not all sellers who are willing to accept the price will find buyers for their products. D) any buyer who is willing and able to pay the price will find a seller for the product.
When the addition to a monopolist's total profit is negative from selling another unit, then it follows that
A. MR > MC. B. MR > ATC. C. MR = MC. D. MR < MC.