A technological change in the production of cars will
A. have no effect on consumers.
B. affect input and output markets in the automobile industry and other related industries.
C. affect only the markets for inputs used to produce cars.
D. affect only the way cars are produced.
Answer: B
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Due to the recession in 2008, firms decreased their profit expectations. As a result, there was a ________ shift in the ________ loanable funds curve
A) rightward; supply of B) leftward; demand for C) rightward; demand for D) rightward, supply of
The market demand curve for a particular good
a. will shift to the right if more consumers enter the market b. could shift to the left if more consumers enter the market c. will be upward sloping if the good is an inferior good d. will always shift to the right if consumers' incomes increase e. could shift downward if more consumers enter the market
Euro-optimists are convinced that with OCA criteria as guiding principles:
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Consider the following game. You roll a 6-sided die and each time you roll a 1, you get $50. For all other outcomes you pay $10. The $50 when you "win" and the -$10 when you "lose" are known as
A. incentives. B. winnings and losings, respectively. C. payoffs. D. expected values.