When there is a change in the quantity demanded it means that:
A. the hours the customer can buy products each day have increased.
B. the number of products in inventory have increased.
C. the quantity a consumer is willing to buy changes when the price changes.
D. the selling price of the products has not changed.
Answer: C
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In actual practice, short-term interest rates and long-term interest rates usually move together; this is the major shortcoming of the
A) segmented markets theory. B) expectations theory. C) liquidity premium theory. D) separable markets theory.
If, as a firm increases its rate of output, total cost increases as well,
a. profit cannot be maximized b. revenue cannot be maximized c. cost cannot be minimized d. marginal cost is increasing e. marginal cost is positive
An ideal pollution control policy: a. would reduce pollution to zero
b. would reduce pollution to the socially efficient level. c. discourage firms from wasting time developing abatement technologies. d. reduce pollution as quickly as possible, regardless of the cost.
One major tax loophole intended to help state & local governments raise funds is:
a. fiscal federalism b. tax exempt municipal bond interest c. tax deductible mortgage interest d. tax credits for solar panels