Short-run supply determinants include
A. Number of buyers.
B. Consumer preferences.
C. Technology.
D. Income.
Answer: C
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When Patty uses money to buy her lunch, she is showing the use of money as a "store of value."
Indicate whether the statement is true or false
The aggregate demand curve illustrates the relationship between ________ and the ________, holding constant all other factors that affect aggregate expenditure
A) the inflation rate; quantity of planned aggregate expenditure B) the price level; quantity of consumption expenditure C) the price level; quantity of planned aggregate expenditure D) the price level; quantity of planned investment expenditure
The circumstance in which financial assets are traded freely between countries is referred to as ________
A) purchasing power parity B) capital mobility C) free trade D) asset appreciation
A manager believes there is a 5 percent chance their firm will have to pay $1,000,000 and a 95 percent chance they will be found innocent and pay nothing except the legal fees of $100,000. If the manager chooses to not enter into the litigation and to settle for $150,000 (pay the plaintiff), which of the following is true?
A) The manager is a risk lover. B) The manager is risk neutral. C) The manager is risk intolerant. D) The manager is risk averse.