The direct cause of the hyperinflation that plagued Zimbabwe in the 2000s is ________
A) printing of too much money by the central bank
B) government expenditures greatly above revenues
C) outlawing of price increases on many commodities
D) allowing the use of foreign currencies
E) the issuance of a $100 billion bank note
A
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The figure above shows the demand for and supply of labor of students in Smallville. If the minimum wage is set at $6 per hour, how many hours of students' labor are unemployed?
A) 12,000 hours B) 9,000 hours C) 6,000 hours D) 0 hours
Which of the following is true of the relationship between price and marginal cost under monopolistic competition?
a. P = MC at all levels of output b. P = MC only at the profit-maximizing quantity c. P > MC at the profit-maximizing quantity d. P < MC at the profit-maximizing quantity e. P < MC at the quantities below the profit-maximizing quantity
As general business conditions improve, we would witness the following in the bond market:
A. the bond demand curve shifting left. B. bond prices decreasing. C. the bond supply curve shifting left. D. bond prices increasing.
The Department of Agriculture distributes $150-$200 million a year to farmers to help defray the costs of fertilizer, drainage, and other production costs.
Answer the following statement true (T) or false (F)