When people exchange money for financial assets, the _____ rises.
Fill in the blank(s) with the appropriate word(s).
interest rate
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Costs due to an increase in activity is called
a. the total cost. b. a negative marginal benefit. c. a marginal cost. d. an incentive loss.
Recall the Application about the harmattan and how it affects the price of cocoa to answer the following question(s).According to this Application, the dry dust wind known as the harmattan has caused ________ of cocoa pods.
A. a decrease in the supply B. an increase in the supply C. an increase in the demand D. a decrease in the demand
Intermediate goods are
A. the stock of all resources excluding labor. B. goods that are used up entirely in the production of final goods. C. equal to the receipts of firms. D. goods that get sold to the U.S. government.
The opportunity cost of an apartment in a rent controlled market is equal to
A) the rent charged for the apartment. B) the opportunity cost of searching for the apartment. C) the rent charged for the apartment plus the opportunity cost of searching for the apartment. D) nothing because of the surplus of apartments when there are rent controls. E) the rent charged for the apartment minus the opportunity cost of searching for the apartment.