A decrease in supply will tend to cause
A. an increase in demand.
B. a decrease in equilibrium price.
C. a decrease in equilibrium quantity.
D. an increase in equilibrium quantity.
C. a decrease in equilibrium quantity.
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If the annual interest rate is 0%, the net present value of receiving $550 in the next year is
a. $550 b. $551 c. $549 d. $500
As the housing bubble collapsed, and the value of homes decreased, consumers’ loss of wealth led to:
A. decreased consumption, which increased prices, which increased the costs of production, leading to more job loss. B. decreased consumption, which further depressed prices, which reduced output further, leading to more job loss. C. increased consumption, which increased prices, which increased the costs of production, leading to more job loss. D. decreased consumption, which further depressed prices, which decreased the amount people had to spend, and increased savings.
Leakages are offset by investment and government spending in the circular flow model.
Answer the following statement true (T) or false (F)
Which countries are most and least likely to be harmed by adverse climate changes? What was the Kyoto Protocol, and how well did it address the negative effects of global warming?
What will be an ideal response?