It is true that the equilibrium quantity will always go up if supply:
A) and demand both increase.
B) increases and demand decreases.
C) and demand both decrease.
D) decreases and demand remains unchanged.
Ans: A) and demand both increase.
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The use of real options in capital budgeting
A) may raise the NPV of a capital project. B) makes the analysis of the project considerably easier. C) allows management to make decisions more quickly. D) eliminates the need for calculating the project's risk adjusted discount rate.
If there are no statistical discrepancies, NDP is:
a) NI minus net foreign factor income. b) NI plus corporate income taxes. c) GDP deflated for increases in the price level. d) GDP minus taxes on production and imports.
In a market where businesses are earning high profits, new entrants will cause the supply curve to shift to the _________ and thus cause the market price to _________.
A. right; rise B. left; rise C. left; fall D. right; fall
The first major international trade agreement following World War II was the North American Free Trade Agreement (NAFTA).
Answer the following statement true (T) or false (F)