When buying a car from a commission salesman you improve your bargaining position by
a. shopping for last year's model when the new model year cars are arriving
b. shopping when the showroom is full of customers
c. shopping when the car lot has few cars left unsold
d. shopping toward the beginning of the month
a
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Which of the following statements is always true?
A) Investment equals depreciation. B) Investment equals the capital stock minus depreciation. C) The capital stock is equal to investment minus depreciation. D) Any change in the capital stock is equal to investment minus depreciation. E) The increase in investment is equal to the capital stock minus depreciation.
If the price level rises, what will happen to the demand for reserves?
A. It will shift outward. B. It will shift inward. C. It will remain unchanged. D. It depends on what happens to interest rates.
Refer to the information provided in Figure 3.5 below to answer the question(s) that follow.
Figure 3.5Refer to Figure 3.5. If consumer income increases, the demand for chili peppers shifts from D0 to D1. This implies that chili peppers are a(n)
A. normal good. B. substitute good. C. complementary good. D. inferior good.
The role of the entrepreneur in an economy is to
A. Ensure full employment of labor. B. Arrange bank financing for the owners of new businesses. C. Bring the factors of production together and assume the risk of production. D. Work with government planners to determine what goods are produced.