Financial markets are
A) institutions that make loans to borrowers and obtain funds from savers.
B) organized exchanges where securities and financial instruments are bought and sold.
C) organized exchanges where currencies are traded.
D) institutions that regulate financial instruments.
B
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What will happen to the demand curve for workers in cotton farms if the price of cotton falls, assuming all else equal?
A) There will be a downward movement along the demand curve for these workers. B) There will be a leftward shift in the demand curve for these workers. C) There will be an upward movement along the demand curve for these workers. D) There will be a rightward shift in the demand curve for these workers.
A surplus occurs when price is higher than the market equilibrium
a. True b. False Indicate whether the statement is true or false
If a firm faces a downward-sloping demand curve
A) the demand for its product must be inelastic.
B) it has no control over the price or the quantity sold.
C) it must reduce its price to sell more units.
D) it will always make a profit.
Refer to the graph below.
As you move from point A to point B:
A. production efficiency is decreased because we are no longer on the production possibility curve. B. production efficiency is decreased because we have less of good Y. C. the change in efficiency is unclear. D. production efficiency is increased because we have more of good X.