In the above figure, the opportunity cost of moving from point D to point E is
A) 75 guitars.
B) 55 guitars.
C) 100 ukuleles.
D) 100 guitars.
B
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An unexpected fall in GDP growth should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
When comparing the market price of an input in a market characterized by bilateral monopoly to a perfectly competitive price
A) the bilateral monopoly price is always higher than the competitive price. B) there is no difference; the bilateral monopoly price equals the competitive price. C) the bilateral monopoly price is always less than the competitive price. D) the bilateral monopoly price can be higher than, lower than, or equal to the competitive price.
Assume Qs represents the quantity supplied at a given price and Qd represents the quantity demanded at the same given price. Which of the following market conditions produce a downward movement of the price?
a. Qs = 1,000, Qd = 750 b. Qs = 750, Qd = 750. c. Qs = 750, Qd = 1,000 d. Qs = 1,000, Qd = 1,000.
The price level is determined by the supply of, and demand for, money
a. True b. False Indicate whether the statement is true or false