When the market price of a good is below its equilibrium price, competition among
A. buyers will push the price up.
B. buyers will push the price down.
C. sellers will push the price up.
D. sellers will push the price down.
A. buyers will push the price up.
You might also like to view...
One reason that we might observe a rise in net capital outflow could be interest rates in the:
A. rest of the world are declining, relative to the U.S. B. U.S. and the world are all increasing. C. U.S. and the world are all declining. D. U.S. are declining, relative to the rest of the world.
Built-in stabilizers:
A. increase the government's deficit during a recession. B. reduce the size of the multiplier. C. intensify the business cycle. D. are a part of discretionary fiscal policy.
Suppose that the marginal benefit per dollar spent on pop tarts exceeds the marginal benefit per dollar spent on waffles. The consumer can always increase their utility by buying:
A. more pop tarts and fewer waffles. B. fewer pop tarts and more waffles. C. more of both goods. D. The consumer cannot increase her utility.
Growth of real per capita income and China has largely resulted from:
A. increased use of technology and improved technology. B. population decline. C. reduced unemployment rates. D. its trade deficit with the United States.