The law of demand indicates that as the price of a good increases, the quantity that
A. buyers are able to purchase increases.
B. producers are willing to produce of an item decreases.
C. buyers are able to purchase decreases.
D. producers are willing to produce of an item increases.
Answer: C
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Renee runs an accounting firm that does tax returns, which she operates out of a building that she owns downtown. She hires all of the accountants and buys the equipment and supplies for the business. The costs used to calculate the total cost curve include
A. the salaries of the accountants, the equipment and supply costs, and the opportunity cost of the building that houses the firm. B. only the salaries of the accountants and the equipment and supply costs, since she owns the building. C. just the costs of the accountant’s salaries. D. the costs of the accountant’s salaries plus the opportunity costs of the building.
What is the most likely effect of deregulation on the supply curve?
a. The supply curve will shift to the left b. The quantity supplied will reduce c. The supply curve will shift to the right d. The supply curve will not be effected
The Bureau of Labor Statistics' household survey and establishment survey both yield information about unemployment
a. True b. False Indicate whether the statement is true or false
__________________ capital specifies the amount of capital financial institutions should hold based on the riskiness of their assets
A) Regulatory B) Securitization-based C) Risk-based D) Leverage-based